11
Mar
12:28
Chinese HRC export prices touch five-month high
Export prices for Chinese hot rolled coil kept rising last week due to hot overseas markets, touching five-month highs. Lacklustre fundamentals however dragged down domestic prices from recent highs, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,090-5,110/tonne ($804-807/t), dropping CNY 110/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the May 2022 contract for HRC gained CNY 30/t from Thursd…
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Anonymous
Very good overview of the weekly steel market.
Anonymous