News Steel

CHINA HRC: Steel mills cut export prices to win orders

Eastern China (Shanghai): 4,550-4,560 yuan ($702-704) per tonne, widening upward by 10 yuan per tonne
The spot price edged up on gains in the futures market, several sources said.
A Shanghai-based trader said futures traders with long positions are optimistic on the economic outlook in 2021 and will keep bolstering futures prices, which in return support spot prices.

Yet trading activity was weaker on…

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