27
Sep
08:47
Chinese domestic HRC strengthens, export HRC struggles
Chinese domestic hot rolled coil prices went up last week, with deals apparently increasing, Kallanish notes. Export markets remained stuck however as Chinese prices are proving unattractive.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,600-3,630/tonne ($505-509/t), CNY 15/t higher than the previous week. On the Shanghai Futures Exchange, the January 2020 HRC contract closed CNY 17/t lower than Thursday and CNY 43/t higher…
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Anonymous
Very good overview of the weekly steel market.
Anonymous