19
Mar
12:17
Chinese HRC climbs slowly on active demand
Demand for hot rolled coil remains active, though the growth rate has slowed, while production has been weaker over the last three weeks, pushing up prices. Futures hit a record high last week due to production restrictions, Kallanish notes. Export markets meanwhile remain quiet due to uncertain tax rates.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,040-5,050/tonne ($774-776/t), up CNY 70/t from the previous Friday. On the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous