JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
According to the National Bureau of Statistics of China, the average price of 16–25 MM HRB 400 REBAR in China increased by ¥44.9/MT ($6.3/MT) or 1.2% this year to ¥3,744.6/MT ($527/MT) when compared to the price in mid-May (May 11–20).
Hot rolled coil (HRC), wire rod, medium plate, seamless steel pipes, and angles all saw increases in average prices for the specified period of time of 1.3%, 0.6%, 0.9%, 0.5%, and 0.8%, respectively, over mid-May.
Also Read : Pricey ore, tepid local demand, Chinese imports weigh on steelmakers' margins Global iron ore shipments climbed by 6% YoY in Q1
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