25
Nov
03:46
Chinese H-beam prices move upwards
Chinese H-beam prices have surged by CNY 50-200/tonne ($7.2-28.9/t) mainly due to tight supply and low inventories, after major suppliers held a meeting on 24 November. Premier Li Keqiang’s speech on capacity elimination on Thursday has also bolstered sentiment and steel prices rallied over Thursday night and Friday, Kallanish notes.
According to Business Community, nine steelmakers held their Q4 H-beam meeting in Tangshan on Thursday. The companies involv…
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Anonymous
Very good overview of the weekly steel market.
Anonymous