10
Sep
13:27
Chinese domestic HRC hikes on confidence recovery
Although demand has not recovered as quickly as expected, China's domestic hot rolled coil prices have increased due to a rebound in market confidence last week, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,890-5,920/tonne ($915-920/t), up CNY 80/t from the previous Friday. On the Shanghai Futures Exchange, the January 2022 contract for HRC futures closed CNY 35/t lower than Thu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous