CHINA HRC: Domestic prices rise on news of production cuts

August 31, 2021 / www.metalbulletin.com / Article Link

Hot-rolled coil (HRC) prices in China's domestic market rose sharply on Monday August 30; news of production curbs raised futures prices to their highest in more than a week.

Domestic
Eastern China (Shanghai): 5,720-5,750 yuan ($884-888) per tonne, up by 70-120 yuan per tonne.
The most-traded HRC contract on the Shanghai Futures Exchange hit an intraday high of 5,654 yuan per tonne in early afternoon trading on Monday, its highest since August 18. It finished the day at 5,637 yuan per tonne, with market sentiment boosted by news of production curbs in major steelmaking areas, a Shanghai-based trader said.

Some mills in northeast China - Liaoning, Jilin and Heilongjiang provinces - have been required to cut production to prevent...

Recent News

Global trade tensions ease and inflation continues to decline

May 19, 2025 / www.canadianminingreport.com

Gold stocks down as metal slumps and equities rise

May 19, 2025 / www.canadianminingreport.com

Big Gold has another strong quarter, but some signs growth cooling

May 12, 2025 / www.canadianminingreport.com

Gold stocks nearly regain highs on rising metal price

May 12, 2025 / www.canadianminingreport.com

Gold stocks down as risk on move continues

May 05, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok