As of 23 november, steelhomeâ??s estimates of hot metal cost at chinese large and medium-scaled steel mills, averaged 2274.85 yuan/t (us$ 328.2) before 16% vat, down 38.59 yuan/t (us$ 5.6) from 16 november. The cost to produce 20mmhrb400 rebar was 3869.75 yuan (us$ 558.4), down 75.1 yuan/t (us$ 10.8) from 16 november, and the costs to produce 5.75mmq235 hrc was 3519.75 yuan (us$ 507.9), down 45.1 yuan/t (us$ 6.5). T1: hot metal cost at 60 chinese steel mills...…
