Chinese HRC prices steady amid iron ore jump

Spot prices for hot-rolled coil in China were stable on Tuesday November 23 despite futures prices for iron ore – a key steelmaking raw material – jumping to a three-week high.

Domestic
Eastern China (Shanghai): 4,650-4,720 yuan ($728-739) per tonne, unchanged

With the most-traded iron ore contract on the Dalian Commodity Exchange hitting its daily upward trading limit and notching a three-week peak of 598.50 yuan per tonne, the most-active HRC contract on the Shanghai Futures Exchange rose to an intraday high of 4,549 yuan per tonne...

Published

Zihuan Pan

November 23, 2021

10:36 GMT

Shanghai, Singapore