15
Nov
08:36
Chinese HRC domestic and export markets pick up
Chinese domestic hot rolled coil prices climbed rapidly late last week, although buying levels were quite stable. The export market meanwhile remained quiet while prices increased, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,620-3,640/tonne ($516-519/t), CNY 80/t higher from the previous Friday. On the Shanghai Futures Exchange, the January 2020 HRC contract closed CNY 17/t higher than Thursday and C…
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Anonymous
Very good overview of the weekly steel market.
Anonymous