Author: Lalita
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China mills’ rebar profits recover fast on rising prices
The profit margins of China’s blast furnace (BF) and electric-arc-furnace (EAF) steel mills recovered fast in July, mainly thanks to the steady growth in domestic steel prices and the reduction in their steelmaking costs. As of July 27, the profits that the domestic BF mills earned on rebar sales averaged Yuan 718/tonne ($110/t), rising by…