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WEEKLY SUMMARY: China steel prices up on Handan curbs

ABSTRACT

Finished steel prices in China’s physical and futures markets strengthened over April 19-23, which was mainly due to the newly-imposed curbing on the steel mills’ steelmaking facilities in Handan, North China’s Hebei province since April 21 until June 30, Mysteel Global noted.
Rebar: China’s national HRB400E 20mm rebar price, according to Mysteel’s assessment, refreshed its over 9.5-year high, or up Yuan 41/tonne ($6.3/t) on week to Yuan 5,137/t including the 13% VAT as of April 23, which was in response to the news on April 21 that the steelmakers in Handan would

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