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Daily Steel PricesQuality:Prime newly produced deformed reinforcing steel bar as per HRB400 or equivalent commercial grades Diameter:20 mm Quantity:Standard order sizes of 100 metric tons per diameter Delivery Term:Ex-Warehouse Location:PR of China Timing:Spot to three weeks from date of the publication Payment:prompt payment upon delivery Other:Price includes 13% VAT Invoicing basis actual weight
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Steel 2016-2021 Data 2022-2023 Forecast Price Shanghai steel futures skyrocketed to a record high of 4,850 yuan a tonne, buoyed by expectations of improved demand as the global economic recovery gains steam, while supply concerns added to the bullish tone. Chinas industry minister reassured the ongoing commitment to cut steel production this year as part of low-carbon actions under the country 14th five-year economic plan for 2021-25.
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