04
Aug
10:26
Chinese August HRC offers converge
Mills’ unsynchronised price adjustments and the repeated fluctuation in market sentiment have seen producers adjust domestic quotations for hot rolled coil in August. However, on the whole, mill list prices have begun to converge at the same level, Kallanish notes.
Shagang has added CNY 400/tonne ($62/t) to its HRC offers in August, after a CNY 150/t decrease last month. Ningbo Steel, meanwhile, which announced days earlier, decided again to retain offe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous