As of July 14, SteelHomes estimates of hot metal cost at 60 Chinese steel mills, averaged 1798.08 yuan/t (US$ 265.3) before 17% VAT, up 29.84 yuan/t (US$ 4.4) from one week ago. The cost to produce 20mmHRB400 rebar was 2950.58 yuan (US$ 435.4), increasing 43.57 yuan/t (US$ 6.4) from one week ago, and the costs to produce 5.75mmQ235 HRC was 2945.58 yuan (US$ 434.6), up 39.57 yuan/t (US$ 5.8).
