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Chinese steel prices wildly fluctuate

Time : 2021-03-15 Hits : 2021-03-15

Chinese steel market sentiment and prices were susceptible over March 8th-12th, going through a V-shaped pattern, as later last week, the intensified restrictions on the steel operations in Tangshan, North China’s Hebei province, while the spiral-up in steel demand, lent support to the domestic steel prices.

 

Chinese national price of the HRB400 20mm dia steel rebar, rose by 18 Yuan/Ton (2.8 $/Ton) on week to 4,738 Yuan/Ton including the 13% VAT as of March 12th.

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