08
Feb
07:06
Chinese HRC awaits resumption of trading
China’s hot rolled coil trading fell into silence at the beginning of the week of 9 February, the last partial week before the Chinese New Year holidays, Kallanish notes.
In Shanghai on Thursday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,990-4,010/tonne ($557-560/t), remaining unchanged compared with the prior Friday. On the Shanghai Futures Exchange, the May 2024 contract for HRC gained CNY 16/t from Wednesday and CNY 17/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous