21
Apr
10:32
Shagang hikes steel prices as spot market surges
Eastern China's Jiangsu Shagang increased its list prices for late April by CNY 550/tonne ($85) on 21 April. Shanghai futures prices and spot market prices also continued to surge on Thursday despite growing caution among traders, Kallanish notes.
Shagang increased its 16-25mm HRB400 rebar list price by CNY 550/t from mid-April to CNY 3,060/t ($471/t) ex-works. It also increased its 8mm HRB400 bar-in-coil price to CNY 3,140/t and its HPB300 wire rod price to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous