23
Dec
12:57
Chinese HRC descends, exports remain silent
China’s hot rolled coil inventories have declined this week, while both production and demand posted downward trends. This helped alleviate the pressure brought by inventories being at a historical high last week. However, the continued decline in futures prices led to the same trend in spot prices, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,930-4,940/tonne ($774-775/t), down CNY 30/t from last…
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Anonymous
Very good overview of the weekly steel market.
Anonymous