02
Sep
09:49
Chinese domestic HRC falls, exports ripple
Chinese domestic hot rolled coil demand has failed to see an improvement since the end of the heatwaves. Futures and spot prices thus kept falling last week even if some traders tried to lift list prices by restricting shipments, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,840-3,870/tonne ($556-561/t), down CNY 130/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded January 2023&nb…
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Anonymous
Very good overview of the weekly steel market.
Anonymous