23
Jul
13:22
Chinese domestic HRC stabilises, exports await changes
Low demand and volatility in futures made China’s hot rolled coil spot prices fall early last week, but the implementation of more steel output limitations pushed them bak up again. PRies closed out the week almost level from the previous week, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 hot rolled coil was traded at around CNY 5,900-5,920/tonne ($911-914/t), down CNY 20/t from the previous Friday. On the Shanghai Futures Exc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous