CHINA HRC: Prices surge on Tangshan blast furnace suspension news

China’s hot-rolled coil prices surged on Wednesday March 3 after Tangshan, the major steelmaking hub in northern China, ordered several local mills to suspend blast furnaces to help curb air pollution.

Domestic
Eastern China (Shanghai): 4,980-5,030 yuan ($770-778) per tonne, up 140-170 yuan per tonne

Several Shanghai-based traders told Fastmarkets that spot sellers there could do deals at 5,010-5,030...

Published

Miranda Song

March 03, 2021

10:08 GMT

Shanghai