30
Apr
13:39
Chinese HRC expects post-holiday demand with stability
Chinese domestic hot rolled coil prices saw negligible changes early this week compared with last Friday. Traders still hold expectations for post-holiday demand next week, Kallanish notes.
In Shanghai on Tuesday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,850-3,870/tonne ($532-535/t), unchanged from last Friday. On the Shanghai Futures Exchange, the most-traded October 2024 contract for HRC lost CNY 12/t from Monday and CNY 29/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous