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WEEKLY SUMMARY: China steel raw material prices mixed

The prices of core steelmaking raw materials including iron ore and coke in China showed signs of divergence over September 7-11, as the country’s domestic steel prices softened while steel output persisted high among most of the steel mills.
As of September 11, China’s national average price of HRB400 20mm dia rebar reversed down by Yuan 41/tonne ($6/t) on week to Yuan 3,824/t including the 13% VAT, according to Mysteel’s assessment. Over September 4-10, the blast furnace capacity utilization rate among China’s 247 steel mills dipped for the fourth week


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