15
Dec
11:43
Chinese HRC edges down on sluggish consumption
After last week’s Central Economic Work Conference disappointed expectations and weekly apparent consumption fell, Chinese hot rolled coil futures and prices dropped from their second-half-year highs, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,030-4,050/tonne ($567-570/t), down CNY 50/t from the prior Friday. On the Shanghai Futures Exchange, the May 2024 contract for HRC lost CNY 14/…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous