14
Aug
10:26
Chinese HRC domestic prices fall, export prices up
Chinese domestic hot rolled coil prices fell last week after rising for several weeks. Downstream demand is improving but inventories have increased, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,070-4,100/tonne ($586-590/t), up CNY 60/t from the previous Friday. On the Shanghai Futures Exchange, the October 2020 HRC contract closed CNY 10/t higher than Thursday and CNY 22/t higher over the week at CNY …
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Anonymous
Very good overview of the weekly steel market.
Anonymous