31
Mar
14:20
Chinese HRC diverges on demand differences
Chinese hot rolled coil domestic prices rebounded last week due to slowly climbing demand, but export offers continued to fall as sellers struggled to secure deals, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,340-4,360/tonne ($632-635/t), up CNY 80/t from a week earlier. On the Shanghai Futures Exchange, meanwhile, the most-traded May 2023 contract for HRC gained CNY 18/t from Thursday …
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Anonymous
Very good overview of the weekly steel market.
Anonymous