|Bid||7.15 x 700|
|Ask||7.16 x 70500|
|Day's Range||7.16 - 7.51|
|52 Week Range||4.91 - 12.37|
|PE Ratio (TTM)||41.87|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
China’s HRC export spreads rose to the highest level since at least October 2010. Higher spreads could prompt Chinese steel mills to produce more steel.
China's plan to curtail its excess steel and aluminum capacity has led to a spike in prices.
China is the world’s largest steel consumer, steel producer, and steel exporter. It dominates the global steel markets probably like no other country ever has.