According to Shanghai Metals Market, steel prices in China’s spot market continued up this past week. SMM data showed average prices of rebar and hot-rolled coil nationwide rose by RMB 74/mt and RMB 60/mt, respectively, from a week ago. SMM expects spot steel prices to rise in April.
China steel industry has been influenced by more confounded components than any other time in recent memory from upstream side as well as the interest of 7 downstream businesses. On top of this, the presentation of low-wage lodging extend, the weight of swelling control and tight fiscal approach has brought blended effects towards the business.
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Shanghai Metal Corporation is one of the largest manufacturers and suppliers of steel products such as high speed steel strip,hot dip galvanized steel coil, stainless steel sieve/filter tubes,corten steel.
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