November 2018 | Steel Raw Materials
Margins at steel mills dropped to one-year lows, putting pressure on steelmaking raw material prices: Latest Analysis
Last year, the growth in scrap demand in China was mainly attributed to higher use at integrated mills, as scrap was cheaper than hot metal production costs.
Margins at steel mills dropped to one-year lows, putting pressure on steelmaking raw material prices The operating margin for hot-rolled coil has fallen to just above $20 per tonne this month in China, which is the lowest level since May 2017. Similarly, the operating margin for rebar faced a rapid decline from its peak at above $160 per tonne in May this year and has shrunk to...
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