CHINA REBAR: Mills’ losses exceed $30/t

China’s domestic rebar prices were flat on Tuesday January 26, but high production costs have led to big losses for rebar producers.

Domestic
Eastern China (Shanghai): 4,260-4,290 yuan ($658-662) per tonne, unchanged
Losses for rebar producers were at 200-230 yuan per tonne in the first two days of this week, compared with profits of 350-400 yuan per tonne at the end of last month, an industry analyst said.

Fastmarkets’ index for iron ore 62% Fe fines, cfr Qingdao was at $169.16 per tonne on Monday, up by $8.69 per tonne (5.4%) from $160.47 per tonne on...

Published

Jessica Zong

January 26, 2021

09:57 GMT

Shanghai