Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Co., Ltd has issued its prices for steel products for delivery in March this year.
The producer has decided to raise its local base prices by RMB 100/mt ($14/mt) for hot rolled coil (HRC), acid pickling plate, cold rolled coil (CRC), hot dip galvanized (HDG), non-grain-oriented silicon steel, wire rod and rebar, for delivery in March.
Demand for steel from downstream users is expected to improve in March, exerting a positive impact on steelmakers’ sentiments, and will bolster steel prices.
$1 = RMB 7.171