11
Sep
10:28
Chinese HRC prices experience setback
China’s domestic hot rolled coil market suffered a heavy setback last week, breaking the rebound trend at the beginning of the peak season, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,950-3,970/tonne ($578-581/t), down CNY 95/t from the previous Friday. On the Shanghai Futures Exchange, the October 2021 HRC contract closed CNY 47/t higher than Thursday, but CNY 131/t lower over the wee…
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Anonymous
Very good overview of the weekly steel market.
Anonymous