10
Jul
11:11
Chinese HRC jumps on firm market
Chinese domestic hot rolled coil prices showed an uptrend last week. Stronger transaction prices and a better demand forecast have given the market confidence, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,880-3,900/tonne ($554-556/t), up CNY 125/t from the previous Friday. On the Shanghai Futures Exchange, the October 2020 HRC contract closed CNY 21/t lower than Thursday and CN…
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Anonymous
Very good overview of the weekly steel market.
Anonymous