10
May
10:58
Chinese HRC awaits demand amid negligible price decrease
After a five-day Labour Day break, Chinese hot rolled coil prices failed to embrace the expected post-holiday demand recovery and ultimately posted negligible on-week decreases last week, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,840-3,860/tonne ($532-534/t), down CNY 10/t from pre-holiday levels. On the Shanghai Futures Exchange, the most-traded October 2024 contract for HRC lost CNY 1/t from Thurs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous