15
Jul
13:37
Chinese HRC seeks respite amid freefalling prices
Domestic and export prices of Chinese hot rolled coil accelerated their decline last week amid weak demand in most markets. Growing recession fears meanwhile added to market negativity, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,590-3,620/tonne ($531-536/t), down CNY 650/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded October 2022 contract for HRC lost CNY 216/t from…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous