MetalsMedium impactAfter close

Steel firms rise on production cut commitments

17 Sept 2026 · 16:04 ISTafter close1 source ↓written by the desknot a recommendation

Steel rebar futures remained above CNY 3,120 per ton, nearing two-month highs as Chinese steelmakers pledged to curb production and reduce inventories. The China Iron and Steel Association, along with 45 major firms, urged compliance to tackle high inventory levels amid declining margins and weak demand. This move may stabilize prices in the near term.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 17 Sept 2026, 16:04 IST.

Sourcesnews.google.com

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Steel firms rise on production cut commitments

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