09
Sep
10:53
Chinese domestic HRC ascends against weak exports
Restocking ahead of the Mid-Autumn Festival and sentiment improvement have boosted both spot and futures prices of Chinese hot rolled coil. In contrast, exports are still in the doldrums, with only some SS400 HRC finding buyers, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,940-3,970/tonne ($569-574/t), up CNY 100/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded, January…
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Anonymous
Very good overview of the weekly steel market.
Anonymous