Reporting by Naveen Thukral and Tom Daly in BEIJING; Editing by Sunil Nair Strong demand, falling stocks and production limits to reduce pollution have sent Tangshan ’s construction steel reinforcing bar (rebar) prices to their highest level since more than four days . Production has been cut since pollution restrictions curbed use of sintering machines and blast furnaces in the country’s biggest steelmaking city Tangshan , leaving them closed for February 2013 . At the same time steel stockpiles fell by 9.89 million tonnes to 9.89 million mt with stocks of steel rebar and hot-rolled products also falling.
Strong demand, falling stocks and production limits to reduce pollution have sent Tangshan ’s construction steel reinforcing bar (rebar) prices to their highest level since more than four days . Production has been cut since pollution restrictions curbed use of sintering machines and blast furnaces in the country’s biggest steelmaking city Tangshan , leaving them closed for February 2013 . At the same time steel stockpiles fell by 9.89 million tonnes to 9.89 million mt with stocks of steel rebar and hot-rolled products also falling.