22
Nov
08:37
Asian HRC markets jump despite slower volumes
Chinese domestic hot rolled coil prices continued to climb last week, as did the export market. While domestic buying levels keeps moderately strong however, export markets still saw very few deals, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,680-3,690/tonne ($523-525/t), CNY 55/t higher from the previous Friday. On the Shanghai Futures Exchange, the January 2020 HRC contract closed CNY 35/t higher t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous