23
Dec
12:02
Chinese HRC edges down as demand slumps
As consumption turned downwards amid the rapid spread of Covid-19, Chinese hot rolled coil prices went down last week and expectations became more negative, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,100-4,120/tonne ($587-590/t), down CNY 70/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded May 2023 contract for HRC gained CNY 20/t from Thursday but lost …
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Anonymous
Very good overview of the weekly steel market.
Anonymous