17
Sep
11:16
Chinese HRC descends on demand, exports in lull
Weak demand hit market sentiment in the Chinese domestic hot rolled coil market severely last week, causing prices to fall steadily all week, Kallanish notes. Export markets meanwhile remain silent as mills hold on to high offers.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,770-5,790/tonne ($894-897/t), down CNY 125/t from the previous Friday. On the Shanghai Futures Exchange, the January 2022 contract for HRC&nb…
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Anonymous
Very good overview of the weekly steel market.
Anonymous