16
Aug
08:44
Chinese HRC drop roils global markets
China's domestic hot-rolled coil prices accelerated their decline last week amid macro pessimism and sluggish demand, disrupting markets in major exporting countries, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235B HRC was traded at around CNY 3,150-3,170/tonne ($439-442/t), down CNY 250/t on-week. On the Shanghai Futures Exchange, the most-traded October 2024 contract for HRC lost CNY 61/t from Thursday and CN…
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Anonymous
Very good overview of the weekly steel market.
Anonymous