CHINA REBAR: Producers’ profits rise on further rebar price gains

China’s domestic rebar prices moved up further on Wednesday April 14 on strong demand, which brought higher profit for steel mills, sources said.

Domestic
Eastern China (Shanghai): 5,020-5,050 yuan ($768-773) per tonne, up by 40-50 yuan per tonne

One industry analyst said mills that operate blast furnaces (BFs) could achieve a gross profit of 900 yuan per tonne, up by 50 yuan per tonne from Monday, while those operating electric-arc furnaces (EAFs) could get...

Published

Jessica Zong

April 14, 2021

10:12 GMT

Shanghai