10
Feb
10:59
Chinese HRC awaits changes amid fluctuations
After weak real demand dominated trading sentiment and pushed futures prices down, domestic hot rolled coil spot prices have been fluctuating. Export prices meanwhile remained relatively static, Kallanish observes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,150-4,170/tonne ($621-624/t), up CNY 30/t from a week earlier. On the Shanghai Futures Exchange, meanwhile, the most-traded May 2023 contract for HRC fell CNY 19/t fro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous