20
Sep
07:38
Chinese domestic HRC slumps, exports fade
Chinese domestic hot rolled coil prices declined rapidly last week, despite deals having picked up slightly, Kallanish notes. Export prices have also fallen despite firm mill offers, but China remains largely uncompetitive.
In Shanghai on Thursday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,590-3,610/tonne ($507-510/t), CNY 80/t lower than the previous week. On the Shanghai Futures Exchange, the January 2020 HRC contract closed CNY 28/t lower …
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Anonymous
Very good overview of the weekly steel market.
Anonymous