01
Dec
11:33
Chinese flats prices firm against weaker futures
Chinese hot rolled coil futures fluctuated lower last week, but domestic spot prices remained fairly stable compared with the previous week, alongside increases in plates prices, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,950-3,970/tonne ($556-558/t), remaining unchanged from the prior Friday. On the Shanghai Futures Exchange, the January 2024 contract for HRC gained CNY 18/t from Thursday …
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Anonymous
Very good overview of the weekly steel market.
Anonymous