Yarlung Tsangpo Hydropower Project Launched, Driving Steel Demand and Market Surge
On July 19, the Yarlung Tsangpo River Lower Reach Hydropower Project officially began construction in Nyingchi, Tibet. The massive project involves five cascading hydropower stations, with a total investment of RMB 1.2 trillion and 5 million tons of steel required. Rebar price in China up 10% since June 2025