CHINA REBAR: High production costs help push up domestic prices

China’s domestic rebar prices on Wednesday June 2 recovered most of the losses from a day earlier amid costlier raw materials such as iron ore and coke.

Domestic
Eastern China (Shanghai): 5,000-5,020 yuan ($784-787) per tonne, up by 100 yuan per tonne
Rising prices for steelmaking raw materials are making rebar mills lose money, an industry analyst said.

Fastmarkets’ index for iron ore 62% Fe fines, cfr Qingdao was at $208.67 per tonne on June 1, up by $18.16 per tonne - or 9.5% - from $190.51 per...

Published

Jessica Zong

June 02, 2021

10:29 GMT

Shanghai