Tag: China rebar
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China: Blast furnace mills’ profits drop in October
Profits among the 91 Chinese blast-furnace steel mills sampled regularly by Mysteel suffered badly in October, mainly due to increased production costs and the substantial fall in domestic steel prices. Last month, rebar margins among steel mills under the survey reversed down for the first time in three months, sliding by Yuan 555/tonne ($86.8/t) on month…