CHINA REBAR: Production costs supporting prices

China's domestic rebar prices were flat amid weak demand on Tuesday January 21, though production costs provided some support to the market.

Eastern China (Shanghai): 3,640-3,670 yuan ($528-533) per tonne, unchanged
Northern China (Beijing): 3,540-3,560 yuan per tonne, unchanged

The net profit of integrated mills - which are major rebar producers - has been hovering around 50 yuan per tonne in the past week compared with as high as 550...

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