Eastern China (Shanghai):3,500-3,520 yuan ($501-504) per tonne, unchanged Northern China (Tangshan):3,220-3,250 yuan per tonne, up 20-30 yuan per tonne A trader in northern China said Hebei-based Anfeng Iron & Steel secured orders at 3,250 yuan per tonne during the day, even though its ex-works price on Monday was 3,210 yuan per tonne.
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Comment:What China's possible steel export rebate cuts Feb 18, 2021 · Fastmarkets' steel hot-rolled coil index export, fob main port China had been on a steady uptrend for much of 2020 after the initial effects of the Covid-19 pandemic faded and pent-up demand surged. The index averaged $576.95 per tonne in the fourth quarter of 2020, up from averages of $494.51 per tonne and $422.25 per tonne in the third and second quarters respectively.
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Low customs duty, iron ore costs may melt steel prices Prices of HR coil climbed to 58,000 a tonne this January from 36,250 a tonne last June, prompting an outcry from the associations of builders and construction firms and even Union minister
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