empty
 
 

2026.09.1707:29:16UTC+00Steel Firms Up on Output Curb Pledge

Steel rebar futures remained above CNY 3,120 per ton, hovering near a two-month high, as several Chinese steelmakers pledged to curb output and reduce inventories amid sharply shrinking profit margins. The state-backed China Iron and Steel Association, together with 45 major producers including China Baowu Steel Group, called on steelmakers nationwide to strictly enforce production controls to lower elevated stockpiles. Profitability in the sector has deteriorated markedly, squeezed by high production costs and subdued steel demand. In response, some mills have scaled back operations and brought forward maintenance. Recent data also showed that China’s new home prices continued to decline in August, highlighting the ongoing drag from the country’s protracted property downturn.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback