30
Jul
11:25
Italian HRC surges as China absorbs supply
Italian hot rolled coil prices are soaring by €20/tonne ($23/t) in a sudden turn of events that is seeing all international producers selling very large volumes to China.
As China is absorbing material, particularly from other parts of Asia, Italian domestic re-rollers and service centres can only rely on domestic producers. Considering the country’s largest steelmaker, the former Ilva, is running at minimum capacity, HRC is becoming a precious commodi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous