19
Jul
10:28
Chinese domestic HRC market maintains downtrend
Chinese domestic hot rolled coil prices fell slightly last week, although futures prices continue to climb, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,870-3,890/tonne ($562.66-565.57/t), a slight fall of CNY 5/t over the week. On the Shanghai Futures Exchange, the October HRC contract closed CNY 43/t higher than Thursday and CNY 67/t higher over the week at CNY 3,904/t.
Activity on the whole…
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Anonymous
Very good overview of the weekly steel market.
Anonymous