01
Sep
08:18
Shagang raises HRC price in September
Chinese hot rolled coil prices have experienced sustained growth in the past few weeks, spurred by increased production and demand due to the recovery of manufacturing, Kallanish notes.
For September, Shagang announced it will raise Q235B 5.75x150mm HRC offers by CNY 150/tonne ($22/t) – the same increase as last month – to CNY 4,300/t. This is about CNY 260/t higher than spot prices in Shanghai at the end of August. The spread between the two has …
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Anonymous
Very good overview of the weekly steel market.
Anonymous