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16 Jun

Steelmakers keep HRC flat despite spot market recovery

China’s hot rolled coil spot prices recovered last week but a slowdown in buying means the coming days remain uncertain. Shougang and Anshan Iron and Steel (Angang) meanwhile kept their July flat product list prices level (see table), suggesting a steadier outlook than Baosteel, which recently cut its list prices, Kallanish notes. In Shanghai by Friday afternoon 5.5x1,500mm Q235B hot rolled coil was trading at CNY 3,330-3,360/tonne ($489-493/t), up CNY 110…
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