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WEEKLY SUMMARY: China steel raw materials prices climb

China’s prices of steelmaking raw materials including iron ore and coke continued to perform strongly over November 16-20 in response to the further strengthening in China’s domestic steel prices, Mysteel Global noted.
China’s HRB400 20mm dia rebar price, for example, grew further to Yuan 4,174/tonne ($637/t) including the 13% VAT by November 20, or up for the sixth-week by another Yuan 59/t on week, according to Mysteel’s assessment. Over November 13-19, blast furnace capacity utilization among China’s 247 Chinese steel mills under Mysteel’s

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