08
Jan
10:40
Chinese HRC export prices stabile, domesitc price spikes
Chinese hot rolled coil export market kept stable last week after a slight decline in the previous week. The domestic HRC spot and futures markets markets were meanwhile surging, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,710-4,740/tonne ($728-732/t), up CNY 175/t from 29 December 2020. On the Shanghai Futures Exchange, the May 2021 HRC contract closed CNY 11/t lower than Thursday but …
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Anonymous
Very good overview of the weekly steel market.
Anonymous