Market Insights
Top news, commentary and analysis on the China steel and other commodities markets.
China's output of high-carbon ferrochrome (HC FeCr) surged to an all-time high in March, driven mainly by solid profitability at FeCr smelters and robust feedstock demand from the stainless steel sector, Mysteel Global learned.
Billet prices in Tangshan in North China's Hebei province declined again during the week of April 6-12 after the previous week's gain, with Mysteel assessing the price of Q235 150mm square billet in the city at Yuan 2,970/tonne ($435/t) EXW including the 13% VAT on April 12, down by Yuan
Baoshan Iron & Steel Co (Baosteel), the listed arm of the world's top steelmaker China Baowu Steel Group, is raising list prices of some of its major flat-rolled items including for hot-rolled coil (HRC), by Yuan 100/tonne ($14.6/t) for domestic sales in May, according to the company's latest pricin
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