03
Mar
11:37
Chinese HRC edges up, awaits macro stimulus
Chinese hot rolled coil prices edged up last week thanks to positive expectations before the “Two Sessions” meetings in Beijing, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,380-4,400/tonne ($635-638/t), up CNY 80/t from a week earlier. On the Shanghai Futures Exchange, meanwhile, the most-traded May 2023 contract for HRC gained CNY 51/t from Thursday and CNY 75/t on-we…
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Anonymous
Very good overview of the weekly steel market.
Anonymous