16
Aug
10:09
Chinese domestic HRC recovers but exports slump
China's domestic hot rolled coil prices rebounded back last week as production restrictions started to impact inventory. On export markets however, mills have continued to reduce offers but remain uncompetitive, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,730-3,750/tonne ($530-532/t), CNY 60/t higher than the previous week. On the Shanghai Futures Exchange, the October HRC contract closed CNY 8/t higher th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous