26
Mar
12:35
Chinese domestic HRC hikes, exports stall
Chinese hot rolled coil prices enjoyed a tight market last week amid positive factors such as the Tangshan restrictions and declining production. Futures hit a new record high, while exports stalled due to uncertain tax refunds, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,160-5,180/tonne ($789-792/t), up CNY 125/t from the previous Friday. On the Shanghai Futures Exchange, the May 2021 HRC contra…
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Anonymous
Very good overview of the weekly steel market.
Anonymous