MySteel Global – China Jan-Nov rebar output up 5% on year

Over the January-November period this year, China’s production of rebars increased by 4.9% on year to 242.7 million tonnes, according to new data from China’s National Bureau of Statistics (NBS). The pace of growth had quickened slightly compared with the 4.7% on-year rise over January-October, mainly due to higher production from vigorous electric arc furnace-based […]

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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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June rebar margins for China’s blast furnace mills fell by over 50% – survey

(This story appears here courtesy our content partner MySteel Global) China’s 91 blast-furnace mills under Mysteel’s monthly survey have reported that the gross profits they earned on the three major steel products all shrank last month, with their average margin on rebar plunging the deepest, tumbling by Yuan 163/tonne ($23.3/t) on month to just Yuan 92/t […]

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Strange but true: World’s largest steelmaker is facing a shortage of steel

China, the world’s top steelmaker may have a shortage of steel. According to iron ore miner, Fortescue Metals Group Ltd., China is currently facing a lack of rebar. Rebar, short for reinforcing bar, collectively known as reinforcing steel and reinforcement steel, is a steel bar or mesh of steel wires used as a tension device in reinforced concrete and reinforced masonry structures to strengthen and […]

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