28
Jun
11:20
Chinese domestic and export HRC prices recover
Chinese hot rolled coil prices showed a strong uptrend last week. Traders believe that the recovered price will continue to climb, affected by rising future prices for September and October, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3940-3950/tonne ($573-575/t), up by CNY 140/t over the week. On the Shanghai Futures Exchange, the October HRC contract closed CNY 56/t lower than Thursday but CNY 193/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous