UTC+8 ( BJT)

MONTHLY: Rebar returns better for China's BF mills in July


The margins that China's blast-furnace steel mills earned on rebar sales improved somewhat in July, but the 91 Chinese BF steel mills sampled in Mysteel's latest monthly survey still lost money on selling bars last month, the latest data show.
Last month, the average gross loss on rebar sales that the sampled steelmakers incurred was assessed at Yuan 86/tonne ($12.8/t), a laudable improvement on the average Yuan 317/t they were losing in June. Also last month, the average loss that mills were incurring selling medium plate decreased to Yuan 28/t


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

+65 6653 8227