China: Domestic HRC Prices Up in Recent Trades
Hot-rolled coil prices rose by RMB 20,and 1500mm wide flat sheet by first-tier mill offered at RMB 3,910/MT, second-tier at RMB 3,900/MT while Q345 flat sheet at RMB 4,070/MT. Transaction is good.
Billet - Yesterday, the ex-factory price of general carbon billet in Tangshan,Changli and Qian’an was settled at RMB 3,560/MT stable. In the early morning, the Changli area led the gains of RMB10 to RMB 3,570/MT. The billet transactions were plain, and the prices of finished products tend to move up.
The billet inventory of Xiangyu Zhengfeng and Haiyi Hongrun billet reads 3,53,500 tons, down 10,500 tons. The overall shipment of finished products is strong, and it is expected that the price of billets will by RMB10 in the afternoon.
Construction Steel: Construction steel in Tangshan is mainly stable. The market price of rebar HRB 400 of big specification is at RMB 3,990/MT , small specification at RMB 4,090/MT while coiled rebar at RMB 4,150/MT.Transaction is sound.
source: SteelMint
Top News
Six last month
MinRes halts Bald Hill mine amid lithium price rout
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Swapping aluminum for copper will maintain China’s resources, group says
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Families gather at South African mine shaft where hundreds are feared stuck underground
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
BHP warns Australian mining not ready for low-cost competitors
Resolute Mining says it will pay Mali $160 million in tax dispute
Trump chooses oil fracking boss as energy secretary
Gold loses some luster after Trump’s decisive win
