CHINA HRC: Prices climb to 12-year high after news of more emissions controls

China’s hot-rolled coil prices surged to a 12-year high on Thursday April 22, triggered by emissions control policy changes in Handan city in northern China.

Eastern China (Shanghai): 5,580-5,600 yuan ($859-862) per tonne, up 80 yuan per tonne
Handan city, the second steel hub in Hebei province, had called on steel mills to implement emissions reduction measures by April 30 and stick to them until the end of the second quarter, according to domestic news reports on Thursday.
The news boosted sentiment in the steel sector, with market participants expecting mills in Handan to cut output to ensure lower carbon emissions.


Miranda Song

April 22, 2021

09:46 GMT