CHINA HRC: Prices rise amid production cuts spurred by power shortages

September 30, 2021 / www.metalbulletin.com / Article Link

Domestic hot-rolled coil prices in China gained more upward momentum on Wednesday September 29, with sentiment supported by reduced production as a result of power cuts and a rush to meet energy consumption targets.

Domestic
Eastern China (Shanghai): 5,730-5,780 yuan ($886-894) per tonne, up by 10-30 yuan per tonne
HRC futures were more subdued during the day compared with the first two days of the week amid easing anticipation of pre-holiday stockpiling and the emergence of cautious sentiment due to the week-long National Day break being just around the corner, an industry analyst in Guangdong province said.

The most-traded HRC contract on the Shanghai Futures Exchange came off...

Recent News

Gold stocks outperform, New Found Gold down on initial MRE

March 31, 2025 / www.canadianminingreport.com

Global Mining M&A sees moderate gain in 2024

March 31, 2025 / www.canadianminingreport.com

TSX/TSXV mining could continue to see strong equity capital raising 2025

March 24, 2025 / www.canadianminingreport.com

Gold stocks continue to outperform in move into defensives

March 24, 2025 / www.canadianminingreport.com

Gold stocks reach new highs

March 17, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok