09
Apr
11:56
Chinese HRC export prices climb, suppressed at home
Chinese hot rolled coil stabilised in both the futures and domestic spot markets last week, while transactions showed signs of fatigue as end users have resisted higher prices. Fewer HRC cargoes were shipped from northern to southern China due to a tighter price spread, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,520-5,530/tonne ($842-843/t), down CNY 5/t from the previous Friday. On the Shanghai Futures E…
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Anonymous
Very good overview of the weekly steel market.
Anonymous