Billet prices are moving back up through India.
HrC is now only exported until April by India as policy issues in China (rebates for exporter being curtailed potentially)
chinese industrial metrics are up.
All these measures to restrict production is temporary. Any shortfall will tend to be swallowed up by india, Japan and Korea. China is purchasing semifinished products. So underlying demand due to supply constraints is strong.
in regards to 2023, let 2023 come. Speculation vs reality are separate issues.
Billet prices are moving back up through India. HrC is now only...
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$21.62 |
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