30
Jun
09:09
Chinese HRC export prices bottom
Chinese futures markets helped domestic prices rise last week, but the rate slowed on weak demand. Export prices however still struggled at the bottom, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 hot rolled coil was traded at around CNY 3,900-3,920/tonne ($537-540/t), up CNY 40/t from a week earlier. On the Shanghai Futures Exchange, the most-traded October 2023 contract for HRC gained CNY 10/t from Thursday and CNY&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous