HRC Prices were Raised in Zhangjiagang

Published: May 26, 2023 15:23 (GMT+8)

Source: SMM

Save

SMM reported that the market quotation for hot-rolled coil in the morning of May 26 rose 20-30 yuan/mt compared with the prior day.

SHANGHAI, May 26 (SMM) - SMM reported that the market quotation for hot-rolled coil in the morning of May 26 rose 20-30 yuan/mt compared with the prior day.

The current quotation of Shagang is 3,790-3,800 yuan/mt, and the mainstream quotation is 3,800 yuan/mt.

More popular news:

'Bond King' Jeffrey Gundlach Says Sharp Fed Rate Cuts By Year-End Will Push Up Gold Prices

Copper Shortage Is Irreparable Even after Biggest Mergers and Acquisitions, Here’s Why

Rio Tinto Warns of Risks for Paying High Premiums for Lithium Mines after Plunging Lithium Prices Triggered Acquisition Rush

Goldman Sachs Lowers Price Forecast for Aluminium, Copper in 2023, Sees Nickel Price Plunging

Zinc Prices to Plunge by 2025, Here's Why

World Bank: Global Commodity Prices to Plunge Precipitously This Year at Fastest Speed since Covid Outbreak

G7 to Expand Sanctions Covering Metals on Russia, Promises Further Support for Ukraine

A Bull Gold Market Has Just Begun

Citigroup Warns European Commercial Real Estate Values Will Plummet 40%, But Sees Medium-Term Opportunity

IMF: US Debt Defaults Will Take a Heavy Toll on Global Economy, Global GDP Growth Can Plunge

Goldman Sachs Warns of Serious Risks US Dollar Will Lose Reserve Currency Status on Debt Ceiling Standoff

BofA Sharply Lowers Forecast for Oil Price, Global Oil Consumption in 2023

UBS Raises China GDP Growth Forecast, Sees Earnings from China Stock Market Soaring, RMB Appreciating

Global Aluminium Inventory to Plunge Further amid Supply Headwinds, LME Aluminium Prices to React Fast

High Lithium Ore Prices in Australia will Drive Lithium Prices Rebound, Reasons Prevent Output to Grow

Sharp Output Cuts Led to Lithium Ore Shortages, High Import Prices Drove Lithium Salt Producers to Shut Down

US Treasury Bill Rates Soar to Record High on Debt Ceiling Jitters

USGS Rejects Copper as Critical Mineral despite Huge Shortage and Biggest Producers Push, Citing Misleading Arguments

Buffett, Munger Talk about AI, De-Dollarisation, EV, China-US Relations, Global Supply Chains at Warren Buffett and Berkshire Hathaway’s 2023 Annual Meeting

SMM Daily Comments (May 24): LME Base Metals Closed with Losses, All Ferrous Metals Dropped with Iron Ore Plunging, Oil Gained Ground as Goldman Sachs Sees Stubborn Shortage from June

SMM Daily Comments (May 9): Most LME Base Metals Closed Lower, SHFE Nickel Prices Plunge, Ferrous Metals Mostly Rose

SMM Daily Comments (May 12): SHFE Base Metals and Silver Prices Crashed, Most LME Base Metals Prices Went Down, Oil Posted 3-Day Losing Streak

SMM Daily Comments (May 16): Most Base Metals Prices Closed with Losses, SHFE Nickel, Stainless Steel Plunge, Oil Gained on G7 New Measures, US Strategic Petroleum Reserve Replenishment and Supply Concerns

SMM Daily Comments (May 17): Most Metals prices Rose, Ferrous Metals Jumped with Coking Coal soaring 3.29%,Oil Went Down on Surprise Inventory Growth, Poor China Economic Data and IEA Doubt on Russia Cheating on Output Cuts

SMM Daily Comments (May 19): LME Metals Rose across the Board, All Ferrous Metals Dropped with Coking Coal Plunging

SMM Daily Comments (May 22): Metals Prices Mostly Fell, Zinc Plunged to over 2-Year Low, Coke Slumped, Fears over US Debt Ceiling and China Demand Structural Issues Weigh on Oil

Global Key Base Metals Face Supply Glut, Severe Oversupply for Aluminium, But There Is a Global Copper Shortage

Buffett Talks about Banking Crisis and Bank Stocks He Bought, Munger Warned Commercial Real Estate: the City Will Be Seriously Hollowed Out

SMM prices Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 hours ago

[Indian recyclers seek government intervention over EU metal waste export ban proposal]

India's MRAI, representing small and mid-sized recyclers, has urged the federal trade ministry to intervene over the EU plan to bar metal waste exports to India from May 2027. The Ministry of Commerce and Industry said it remains engaged with the EU. The European Commission proposed the ban on 18 September, citing toxic heavy metals in scrap. India, a major scrap buyer, sources about a quarter of its metal scrap imports from the EU. In 2025/26 the EU supplied roughly 20% of India's aluminium scrap imports, 22% of copper and copper alloy scrap, 20% of lead scrap and 40% of zinc scrap, per MRAI. MRAI warned of higher raw-material costs and greater reliance on virgin metal, calling the move resource protectionism and seeking zero-duty scrap imports under the India-EU trade deal due this year.

4 hours ago

[US steel and aluminium tariffs create 'manufactured scarcity' as prices top double the world average]

US metals policy is a case of 'manufactured scarcity', a PPI analysis finds. Since 2018, Section 232 tariffs have risen to 50% on steel and aluminium, now covering Canadian and Mexican metal and semi-finished copper. Prices show the wedge: US steel averaged 758 USD/tonne in January 2025 against 456 USD/tonne globally, hitting 1,208 USD/tonne by June 2026 versus 490 USD/tonne worldwide, while aluminium runs about 4,500 USD/tonne. Output barely moved at 82 million tonnes, above the 81.3 million tonne 2019-2025 average but below the 84 million tonne 2010-2017 norm. Apparent consumption fell to 95 million tonnes, 9 million tonnes under the 2000-2017 average of 104 million tonnes. Manufacturing's GDP share fell from 3.1% in 2017 to 2.6% by early 2026, while new car prices rose about 2,000 USD. PPI contrasts this with the Biden-era CHIPS programme's 54 billion USD approach.

4 hours ago

10 hours ago

[SMM Analysis] Ship Recycling Credit Note: What It Means for India's Steel and Shipbreaking Market

India now gives shipowners a "credit note" when they scrap an old ship at an approved Indian yard. The credit is worth 40% of the ship's scrap value, but it can only be used to help pay for a new ship built in India. The benefit goes to the shipowner, not directly to the recycler. It may bring more ships to India, but it does not by itself raise the price recyclers pay. What recyclers can pay depends on what they earn from selling the recovered steel, so domestic steel prices matter most.

10 hours ago