03
Sep
12:32
Chinese HRC diverges at home and abroad
With support from rising futures prices, Chinese hot rolled coil prices started to grow on Thursday and Friday, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,810-5,840/tonne ($900-904/t), up CNY 115/t from the previous Friday. On the Shanghai Futures Exchange, the January 2022 contract for HRC futures closed CNY 213/t higher than Thursday and CNY 325/t higher than the previous Friday …
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Anonymous
Very good overview of the weekly steel market.
Anonymous