09
Aug
06:43
Chinese domestic/export HRC markets continue to fall
The sliding trend for China's domestic hot rolled coil prices accelerated last week. Mills have been cutting their export offers meanwhile, but still cannot book deals, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,670-3,690/tonne ($521-523/t), CNY 100/t lower than the previous week. On the Shanghai Futures Exchange, the October HRC contract closed CNY 45/t lower than Thursday and CN…
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Anonymous
Very good overview of the weekly steel market.
Anonymous