UTC+8 ( BJT)

Infograph: China raw materials prices up, tracking steel


China’s prices for steelmaking raw materials including iron ore, coke and steel scrap are graining rather strong supports from the sky-rocketing domestic finished steel prices amid which Chinese steel mills are enjoying incredibly healthy steel margins.
According to Mysteel’s assessment, on April 27 the national price of HRB 400E 20mm rebar reached Yuan 5,243/tonne ($806.6/t) including the 13% VAT, refreshing its 9.5-year high. The next day the price eased slightly to Yuan 5,230/t but was still higher by Yuan 138/t on week. Such high steel prices have spurred steelmakers to maximize


To read the full article take a free 7-day trial to Mysteel Global

+65 6653 8227