China's steelmakers warn slower exports and rising output to pressure market

摘要

Chinese steel mills are picking up production lured by a rally in prices, a move that could worsen a supply glut, the China Metallurgical News reported on Thursday, citing mill delegates at a China Iron & Steel Association meeting this week. Shanghai steel rebar future prices rose 19 percent since the beginning of this year, a move seen by delegates as a recovery after a slump last year, rather than reflecting a substantial improvement in fundamentals, said the report.