Steel analysts expect a surge in hot-rolled coil (HRC) prices again, with prices expected to rise between Rs 2,000 and Rs 3,000 a tonne during April 2021. Strong domestic demand, rise in export price offers from Vietnam and local steel being Rs 5,000 a tonne cheaper against imported steel on landed cost are few of […]
Just months after some products within the metals complex were plumbing multi-year lows and bears were predicting an extended downturn, metal prices are reaching their multi-year highs on supply crunch and recovery in demand. While the COVID-19 pandemic still had the global economy staggering, price of hot-rolled coil in the US had dipped to a […]
Stocks of the five major finished steel products at the 184 Chinese steelmakers Mysteel surveys weekly continued to swell over August 20-26, due to the slowing demand from end-users, with the tonnage growing for the third week by another 2.1% on week to about 7 million tonnes, Mysteel’s weekly survey showed. The five major items […]
China’s 91 blast-furnace (BF) mills under Mysteel’s monthly survey posted their rebar gross margins down for the second month to Yuan 68/t for July, while the average margin of hot-rolled coil (HRC) reversed up to Yuan 150/t, mainly as the HRC price strengthened further in July on better demand while lower output. China’s national HRC price surpassed that […]
Major finished steel stocks at the Chinese traders ended its 14 weeks of continuing declines since late March over June 19-24, though the recovery was merely 61,400 tonnes or merely 0.3% on week, mainly as the domestic steel demand had shown signs of slowing with the heavy rainfalls having hit South and East china, while […]
