14
Apr
09:50
China soaks up HRC, billet, slab, pig iron
Asian steel prices are rising amid strong import buying in China, Kallanish notes. With many steel markets in suspension due to government-enforced measures to overcome the ongoing pandemic infection, Chinese buyers have been actively snapping up hot rolled coil, billet, slab and pig iron.
Deals for rerolling grade hot rolled coil into China were most recently concluded at $385-390/tonne cfr for SAE 1006 2mm thickness HRC from South Korea. Negotiations were also f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous