23
Oct
12:02
Chinese HRC demand rises, output falls
China's domestic hot rolled coil witnessed a strong demand recovery last week. Traders seized the opportunity to raise prices, but were still willing to give a small discount, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,940-3,960/tonne ($591-594/t), up CNY 50/t from the previous Friday. On the Shanghai Futures Exchange, the October 2021 HRC contract closed CNY 25/t lower than Thursday, but CNY 45/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous