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SHANGHAI, Jun. 6 (SMM) – Profitability at Chinese steel mills would remain stable or even grow during June, Shanghai Metals Market’s ferrous branch Steelease foresaw.
Profits at the majority of domestic steel mills did not change significantly during May. Steelease data showed that the average profit for domestic hot-rolled rose from 87 yuan ($14) per tonne in April to 90 yuan per tonne in May, but profits for rebar fell from 188 yuan per tonne to 147 yuan per tonne.
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