CHINA HRC: Domestic prices extend gains on expectations of production cuts in H2

July 02, 2021 / www.metalbulletin.com / Article Link

Domestic hot-rolled coil prices in China extended their gains on Thursday July 1, with sustained expectations of production curbs in the second half of 2021 sending HRC futures to their highest in two weeks.

Domestic
Eastern China (Shanghai): 5,460-5,500 yuan ($845-851) per tonne, up by 40 yuan per tonne from 5,420-5,460 yuan.
The most-traded HRC contract on the Shanghai Futures Exchange rose to - 5,494 yuan per tonne -its highest since mid-June, on Thursday morning while market participants continued to speculate about nationwide steelmaking cuts in the second half of the year to prevent crude steel output from exceeding that of last year.

Recent News

Gold's Bull Market Pullbacks

April 28, 2025 / www.canadianminingreport.com

Gold stocks down on metal drop

April 28, 2025 / www.canadianminingreport.com

Investment banks ahead of the gold price, institutions still behind

April 21, 2025 / www.canadianminingreport.com

Gold stocks up, juniors outperform on small cap strength

April 21, 2025 / www.canadianminingreport.com

Gold stocks rebound to new highs

April 14, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok