16
Jun
12:31
Chinese domestic HRC gains face doubts
A bullish macro outlook continued to boost Chinese hot rolled coil futures and domestic prices last week, but the hikes were also questioned by a large number of market players as production rebounded and demand remained sluggish, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,920-3,940/tonne ($548-554/t), up CNY 40/t from a week earlier. On the Shanghai Futures Exchange, the most-traded October 2023&nbs…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous