Iron ore price, page-54072

they've been making new bars already for some time. this is the old stock they haven't managed to get rid of.

On June 25, China’s State Administration for Market Regulation announced new national standards for GB 1499.1-2024 and GB 1499.2-2024 plain round bar and reinforced bar.The standards, which are revisions to those announced in 2018 and will be implemented from September 25 2024.The new regulations will shift standards from recommendatory to mandatory. They will also adjust standards of tolerance, smelting, properties, package and implement stricter requirements on rebar quality.For example, the tolerance for rebar with diameters of 6-12mm is 5.5% in 2024 standards, compared with 6% in the 2018 version. The tolerance for rebar with diameter of 14-20mm is 4.5%, compared with 5% in the 2018 version. For rebar with diameters of 22-50mm tolerance will be 3.5%, compared with 4% in the 2028 version.