CHINA REBAR: Sentiment bearish despite higher mill offers pushing up prices China import billet prices largely flat but sellers bullish Iron ore market on Chinese market holidays Alliance of Russian steelmakers to protect environment China Development and Reform Commission efforts to supply steel power
The Chinese government is facing a major dilemma. Environmental crises have gripped the country and become a potential risk. Reducing environmental pollution is an issue raised at the China Steel Association. The carbon trading plan will increase the cost of surplus production for some factories. With these interpretations, producers consider surplus production cost-effective.