24
Feb
11:21
Chinese HRC encounters obstacles in ascent
China's domestic hot rolled coil prices failed to gain further traction after hitting a near eight-month high, with slow rising demand halving weekly gains in pricing. Export prices even began to fall under growing pressure, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,300-4,320/tonne ($619-622/t), up CNY 50/t from a week earlier. On the Shanghai Futures Exchange, meanwhile, the most…
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Anonymous
Very good overview of the weekly steel market.
Anonymous