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Steel HRC FOB China Sep '23 (V7U23)
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Contract Specifications

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Contract
Steel HRC FOB China Argus
Contract Size
10 metric tonnes
Tick Size
$0.50 ($5.00 per contract)
Trading Hours
01:00a.m. - 9:00p.m. London
Exchange
LME
Point Value
$10
Expiration Date
09/29/23 (113 days)

Seasonal Chart

Steel HRC FOB China Sep '23
Average Price Chart for 5 Prior Sep Contracts
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
530.00 +4.91%
on 05/25/23
580.50 -4.22%
on 05/09/23
-2.00 (-0.36%)
since 05/05/23
3-Month
530.00 +4.91%
on 05/25/23
688.00 -19.19%
on 03/13/23
-124.50 (-18.30%)
since 03/07/23

More Steel HRC FOB China Quotes

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Most Recent Stories

More News
7th June, 2023-North American Copper Scrap Prices Dipped on Index

309 SS and 310 SS prices saw no change in price on a daily basis.

ArcelorMittal Signed Agreement to Supply General Motors with XCarb Steel

Moreover, it does not use carbon offsets to obtain the reduced carbon intensity.

HVM23 : 930.00s (-0.53%)
THM23 : 520.00s (unch)
C-V23 : 378.00s (unch)
V7V23 : 552.00s (-2.04%)
V5M23 : 951.82s (unch)
FSPAUSY41.CM : 8.7550 (unch)
FSPAUSY46.CM : 7.9400 (unch)
SSPAUSY39.CM : 0.2463 (-1.24%)
6th June, 2023: Chinese Scrap Metal Prices Surged Significantly on Index

The price of 304 SS Turning increased by CNY 50 on Index.

ERI Became First ITAD and E-Waste Recycling Company to Earn SOC 2 Type II Compliance Certification

The certification process involves rigorous review of organizations’ systems and controls.

U8M23 : 29,135.00s (-0.02%)
6th June, 2023: Scrap Gold and Silver Prices Dipped, Platinum Surged on Index

In the Non-Hallmarked category, the 14 carat gold scrap prices edged lower by $ 7.89 per Oz.

SAIL Rourkela Steel Plant Posted Robust Output Performance

The output during April-May this financial year was the best ever in the company’s history.

HVM23 : 930.00s (-0.53%)
THM23 : 520.00s (unch)
C-V23 : 378.00s (unch)
V7V23 : 552.00s (-2.04%)
V5M23 : 951.82s (unch)
FSPAUSY41.CM : 8.7550 (unch)
FSPAUSY46.CM : 7.9400 (unch)
SSPAUSY39.CM : 0.2463 (-1.24%)
Scrap Export Market Saw Several Shifts in 2022

In the aluminum scrap export sector, India emerged as the single largest buyer of scrap from the U.S. last year, purchasing 459,000 metric tons of aluminum-bearing scrap.

Dollar Slightly Lower on Expectations of a Fed Pause

The dollar index (DXY00 ) on Wednesday fell by -0.03%. The dollar is under pressure from expectations the Fed will pause its rate-hike campaign at next week’s FOMC meeting. The market expects only...

DXY00 : 103.997 (-0.10%)
^EURUSD : 1.07111 (+0.11%)
^USDJPY : 139.804 (-0.25%)
GCQ23 : 1,960.6 (+0.11%)
SIN23 : 23.675 (+0.62%)
Copper Price Forecast: Technicals Point to a 16% Meltdown

China is an important country for the copper market since it is the biggest consumer of the metal.

HGN23 : 3.7435 (-0.33%)
HJU23 : 3.7661s (-0.42%)
QCN23 : 3.7440 (-0.32%)
O9N23 : 8,291.10s (-0.53%)
CUPAUSY2.CM : 2.7495 (-1.11%)
CUPAUSY6.CM : 2.4398 (+0.02%)
CUPAUSY1.CM : 2.8143 (unch)
Great Lakes Steel Production Ticks Up, Ending Four-Week Skid

Nationally, steel production in 2023 totals 37.24 million tons, a 3.3% decrease from the 38.53 million tons manufactured through the same period last year.

HVM23 : 930.00s (-0.53%)
THM23 : 520.00s (unch)
C-V23 : 378.00s (unch)
V7V23 : 552.00s (-2.04%)
V5M23 : 951.82s (unch)
FSPAUSY41.CM : 8.7550 (unch)
FSPAUSY46.CM : 7.9400 (unch)
SSPAUSY39.CM : 0.2463 (-1.24%)

Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Soft Signal Strength.

Key Turning Points

3rd Resistance Point 556.00
2nd Resistance Point 556.00
1st Resistance Point 556.00
Last Price 556.00s
1st Support Level 556.00
2nd Support Level 556.00
3rd Support Level 556.00

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52-Week High 688.00
Fibonacci 61.8% 627.64
Fibonacci 50% 609.00
Fibonacci 38.2% 590.36
Last Price 556.00s
52-Week Low 530.00

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