China mills ordered to halt some rebar output
Apr 09, 2013 | 12:09 PM
SHANGHAI A Chinese government order instructing steel mills to halt output of some reinforcing bar grades in an attempt to improve construction standards is sparking uncertainty about supplies over the next few months.
Chinas National Development and Reform Commission told the steel industry in February to stop producing grade II rebar (HRB335) by May 1. The move is part of a drive under the countrys current five-year plan to raise the proportion of higher-strength rebar used in construction.
While some millsincluding major long products producer Shagang Group Co. Ltd.reportedly have vowed to comply and have already halted delivery of the product, its unclear if all mills will follow the order.....
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