MySteel Global – Rebar profits lower than HRC for China’s blast furnace steel mills in July

China’s 91 blast-furnace (BF) mills under Mysteel’s monthly survey posted their rebar gross margins down for the second month to Yuan 68/t for July, while the average margin of hot-rolled coil (HRC) reversed up to Yuan 150/t, mainly as the HRC price strengthened further in July on better demand while lower output. China’s national HRC price surpassed that […]

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