28
Sep
10:28
Chinese HRC eases into holidays with slow decline
Chinese hot rolled coil futures slumped this week and spot prices dropped more slowly due to accumulated bearish sentiment and cautious attitudes. An eight-day holiday in China starts from 29 September, Kallanish notes.
In Shanghai on Thursday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,860-3,880/tonne ($531-534/t), down CNY 20/t from the prior Friday. On the Shanghai Futures Exchange, the January 2024 contract for HRC gained CNY 28/t from…
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Anonymous
Very good overview of the weekly steel market.
Anonymous