Mar 29, 2021 · Tags China, export rebate, iron ore, freight, hot-rolled coils, HRC. Asia will soon be hit by a steel tsunami," a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021. Looming China export rebate cut
CHINA HRC:Prices surge on reports of 30% output cut in Mar 29, 2021 · Chinas hot-rolled coil prices surged on Monday March 29, triggered by improved sentiment amid reports of a 30% fall in production in the northern steelmaking hub of Tangshan. Domestic Eastern China (Shanghai):5,250-5,290 yuan ($803-809) per tonne, up 140-150 yuan per tonne
A Shanghai-based trader said hot-rolled coil prices were surging in eastern China on Wednesday morning after news of the crackdown in Tangshan led market participants to restock. Spot prices for HRC in Shanghai have already increased by more than 150 yuan per tonne to around 5,020 yuan per tonne since yesterday, he said.
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Tangshan Iron & Steel HRP receives DNV certification for Chinese steelmaker Tangshan Iron and Steel HRP Co. Ltd has received certification from classification society DNV (Det Norske Veritas) for its shipbuilding plate - as announced on November 4 by major Chinese steel producer Hebei Iron and Steel Group. To date, seven shipbuilding steel plate grades - A, B, D, AH32, DH32, AH36 and DH36 - produced by Tangshan Iron and Steel HRP Co. Ltd have now
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