Beijing August 26 2021: The Chinese steel mill margin is estimated at $111/mt for HRC and $62/mt for rebar as of Aug. 24, based on Platts Analytics data.
“Steel mill margins remain robust partially due to the sharp fall in the iron ore prices offsetting the rising met coal prices,” a Tangshan-based steel mill said, adding that “this has provided some much needed cushion from the procurement perspective to the ever rising coal and coke input cost.”
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