13
Nov
11:12
Chinese HRC surges as mills hike list prices
Chinese mills, including Baosteel and Wuhan Iron and Steel (Wugang), are continuing to hike their list prices in the hope of sustaining the price rally to the end of the year. So far, spot prices have responded well despite some signs that it is longs prices that are now driving the market higher, Kallanish notes.
In Shanghai, 5.5x1,500mm Q23B hot rolled coil was trading at CNY 3,440-3,480/tonne ($505-511/t) on Friday, up CNY 275/t over the week. Traders reporte…
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Anonymous
Very good overview of the weekly steel market.
Anonymous