Instead of taking losses on rebar for the next 8weeks many steel producers have brought forward maintenance to now.
Then start producing the new spec rebar as of mid september.
I have been trying to get a gauge of what rebar producers are offering. It seems Grade 3 rebar still be offered
https://m.made-in-china.com/amp/product/The-Standard-Rebar-Specification-Rebar-Grade-40-G75-HRB400-Steel-Rebar-Price-Per-Ton-1957979922.html
Smoking gun for the new rebar standards, page-13
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