25
Mar
12:25
Chinese HRC export prices touch $900/t again
Boosted by futures markets, Chinese spot hot rolled coil prices last week continued to climb slowly away from fundamentals. Export prices grew simultaneously on strong overseas acceptance excluding Southeast Asia, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,230-5,250/tonne ($822-825/t), up CNY 120/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the May 2022 contract for HRC gained CNY 109/t from Th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous