Domestic prices for hot-rolled coil in China rose on Friday February 18, after futures prices for the flat steel product rebounded following sizable gains in key raw materials coke and coking coal.
Steel mills in China’s top steelmaking hub of Tangshan, Hebei province as well as regions surrounding the country’s capital city of Beijing will scale back their operations for about a month to improve air quality ahead of the Winter Olympics in February, sources told Fastmarkets.
Argus provides independent, daily price assessments for iron ore, coking coal, ferrous scrap and steel products around the world, along with detailed market analysis and commentary to support market participants across the value chain with contract settlement, indexation and strategic planning.
Argus provides independent, daily price assessments for iron ore, coking coal, ferrous scrap and steel products around the world, along with detailed market analysis and commentary to support market participants across the value chain with contract settlement, indexation and strategic planning.