03
Aug
08:28
Shagang’s HRC price keeps rising in August
Shagang, a major eastern Chinese steelmaker, has announced it will increase its hot rolled coil offers for August, showing the same upward trend as last month, Kallanish notes.
Shagang's Q235B 5.5x1500mm HRC is now offered at CNY 4,150/tonne ($595/t) ex-works including VAT, up CNY 150/t from a month before. This is also about CNY 115/t higher than the HRC trading price on the Shanghai spot market at the end of July. A month ago Shagang was …
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Anonymous
Very good overview of the weekly steel market.
Anonymous