MONTHLY: China BF mills still lose money on rebar sales in March

China's blast-furnace (BF) steel mills continued to lose money on rebar sales in March, as their production costs increased with the rise in prices of major steelmaking raw materials, according to Mysteel's latest monthly survey.

Last month, the average loss on rebar sales among the sampled steelmakers was reported at Yuan 33/tonne ($4.8/t), deepening slightly by Yuan 3/t from the previous month, while their loss on sales of hot-rolled coil (HRC) averaged Yuan 17/t, easing from last month's average Yuan 28/t loss. During March too, the