10
Nov
09:18
Bulls push up Chinese HRC prices
Continuous hikes in Chinese hot rolled coil futures markets pushed up domestic and export prices last week, despite fundamentals being regarded by various market players as insufficient to support such increases, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,970-3,990/tonne ($545-548/t), up CNY 100/t from the prior Friday. On the Shanghai Futures Exchange, the January 2024 contract for HRC gained …
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Anonymous
Very good overview of the weekly steel market.
Anonymous