07
Jul
10:02
Chinese HRC descends on weak fundamentals
Weak fundamentals finally suppressed Chinese hot rolled coil prices in both physical and futures markets last week, despite a bullish outlook for stimulus policies bolstering them slightly earlier last week, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 hot rolled coil was traded at around CNY 3,830-3,850/tonne ($529-532/t), down CNY 70/t from a week earlier. On the Shanghai Futures Exchange, the most-traded October 2023 contrac…
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Anonymous
Very good overview of the weekly steel market.
Anonymous