current spot price, page-19

Rebar futures have just scraped into the green today.

Another disturbing article on China's steelmakers. Hard to see how this is sustainable:

http://www.businessweek.com/news/2012-07-31/chinese-steelmakers-profit-tumbles-96-percent-on-lower-demand-prices

"Aggregate profit of the nation’s steelmakers was 2.39 billion yuan ($375 million) in the period, Zhang Changfu, general secretary of the producer-funded China Iron and Steel Association, told reporters today in Beijing, without providing an aggregate year-ago figure. Profit margins shrank to 0.13 percent from 3.06 percent a year ago, he said at the association’s quarterly press conference. "