04
Dec
12:03
Chinese HRC exports break through $600
China’s hot rolled coil market did not let up last week, even registering still stronger demand after its rapid rise throughout November. This happened despite rebar weakening, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,280-4,310/tonne ($655-660/t), up CNY 50/t from the previous Friday. On the Shanghai Futures Exchange, the October 2021 HRC contract closed CNY 55/t higher than Thursday, and&nbs…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous