22
Sep
09:59
China’s HRC markets brew more bearish expectations
Even as the traditional peak season of September nears its final week, bulls fled the market on Thursday and Friday. This triggered a sharp fall in futures that weighed on domestic and export prices of Chinese hot rolled coil, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,880-3,900/tonne ($531-534/t), down CNY 20/t from the prior week. On the Shanghai Futures Exchange, the January 2024 contract for HRC gaine…
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Anonymous
Very good overview of the weekly steel market.
Anonymous