Market Insights
Top news, commentary and analysis on the China steel and other commodities markets.
China’s export price of SS400 3mm hot-rolled coil (HRC) under Mysteel’s assessment at North China's Tianjin port edged up by $3/tonne during the week of January 26-30 to $463/t FOB by last Friday, Mysteel's latest market roundup showed.
Shagang Group (Shagang), China's leading privately-owned steelmaker, has decided to hold its list prices for long products for sales during February 1-10 from its previous eleven-day sales period, the company announced last Sunday.
China seems to be moving away from its multi-year coal guarantee campaigns as the risk of power shortages has eased, signaling a shift from supply boost to capacity reserves that could elevate supply elasticity in the future.
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