Texture from Argus:
China’s steel sector profitability remained sluggish in the peak sales month of October as a slowing economy and high output rates pressured product prices.
The average gross profit margin on rebar sales is around 200-400 yuan/t ($29-57/t) and up to Yn200/t for hot-rolled coil (HRC), with some HRC sellers barely breaking even on sales, according to an Argus survey of mills across China.