24
Jun
14:45
Chinese HRC declines before holiday
The Chinese domestic hot rolled coil market was quiet ahead of the Dragon Boat Festival holiday, but traders kept a positive forecast for the market after the festival, Kallanish notes.
In Shanghai on Wednesday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,730-3,750/tonne ($528-530/t), down CNY 35/t from the previous Friday. On the Shanghai Futures Exchange, the October 2020 HRC contract closed CNY 1/t higher than Tuesday…
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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