MONTHLY: China BF mills' losses on rebar sales continue in April

The losses that China's blast-furnace (BF) steel mills have been incurring on their domestic sales of rebar continued in April, as the benefits they gained from rising prices were cancelled out by higher production costs, according to Mysteel's latest monthly survey.

For April, the average loss on rebar sales suffered by the sampled steelmakers registered Yuan 39/tonne ($5.7/t), widening slightly by Yuan 6/t compared with March, while their average loss on sales of hot-rolled coil (HRC) was slightly lower at Yuan 14/t Yuan last month, compared with Yuan 17/t 3/t