steel mills chinas
China s steel mills volunteer output cuts on lossmakingAs of August 12 China s national average benchmark price for HRB 400 20mm dia rebar the country s steel market barometer refreshed its 16 month low of Yuan 3 820/t including 13% VAT or having lost a total of Yuan 264/tonne $38/t on month according to Mysteel s This indicates that many steel