Bulletin Updates

Steel: Resurgent Chinese demand fuels confidence – 20 Mar 2023

Mar 20, 2023

For three consecutive weeks, the prices of HRC (Hot Rolled Coil) in the traders' market have remained stable, thanks to positive global indicators and signals of increased demand in China. The decrease in coking coal prices has contributed to the improvement in spot spreads. Moreover, the Indian export price has gone up, propelled by higher profits in Europe and the UAE, as well as consistent domestic prices.

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