19
May
08:01
Chinese domestic, export HRC prices diverge
Chinese domestic hot rolled coil prices saw a weekly increase due to expectations of stimulus and despite weak fundamentals. Export prices had the same trend but finally fell on-week as demand declined, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,900-3,920/tonne ($553-556/t), up CNY 30/t from a week earlier. On the Shanghai Futures Exchange, meanwhile, the most-traded October 2023 contract for HR…
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Anonymous
Very good overview of the weekly steel market.
Anonymous