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Steel rebar consumption may go down when government suppresses real estate market 

During Sept. 30 to Oct. 8, China 21 cities issue new real estate policies which cover measures such as purchase and loan limit, strict land control etc., in order to quell overheated real estate market. These cites include Beijing, Tianjin, Suzhou, Chengdu, Guangzhou, Shenzhen, Shanghai etc.


It’s said that inspection teams will perform responsibility inquisition to cities house prices in where hold at high level. This move may reduce steel consumption to some extend, especially deformed steel bar, screw thread steel bar, and other construction steel products.


Besides, Tangshan, the big steel producing province in China, once again restricts steel production. The restriction period this time is from Oct. 10 to Oct. 20. This move targets at the enterprises whose sintering machines fail to reach environment protection standard.


One bad news comes after another. Recent increasing coke price has been squeezing steel producer’s profits, and domestic construction steel producers are running in the red. Entering into October, many steel mills enter into maintenance. Shagang Steel overhauls its two steel rebar production lines in turn in Mid-October, and it offer a 60% discount for the steel rebar produced in middle and late October.

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