China's HRC prices surge on fire at Bengang BF

China’s hot rolled coil price shot up ahead of the weekend on expectations of tighter supply after a fire broke out at a blast furnace belonging to Benxi Iron & Steel (Bengang) this morning.


Key drivers

Triggered by the fire at Bengang’s No.1 blast furnace, futures of HRC, one of Bengang’s major steel products, surged during the last half hour in the Chinese morning trading session and hit their daily limit within several minutes after the opening of the afternoon trading session, according to market participants....


Gladdy Chu

September 01, 2017

09:30 GMT