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WEEKLY SUMMARY: China's steel prices up on rising costs


Over January 10-14, China's domestic steel prices of rebar and hot-rolled coil (HRC) in both the physical and futures markets strengthened amid firm raw materials prices, despite the fact that the country's finished steel stocks had been building up, Mysteel Global noted.
Rebar: As of January 14, China's national price of HRB400E 20mm dia rebar under Mysteel's assessment gained for the second week by Yuan 39/tonne ($6.1/t) to Yuan 4,783/t including the 13% VAT, partly due to higher production costs among steelmakers, Mysteel Global noted.   The spot trading volume of construction steel including


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