02
Dec
13:45
Chinese HRC edges up, fears December consumption weakening
Without significant improvements in fundamentals, Covid policy easing helped steel futures rise lat week and then drove up Chinese hot rolled coil prices in spot and export markets, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,950-3,970/tonne ($562-565/t), up CNY 100/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded January 2023 contract for HRC gained CNY 45/t from…
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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