05
Mar
11:08
Chinese HRC export prices jump, domestic values slide
China’s hot rolled coil market becalmed last week, with a slight decline in prices in the domestic market. Export prices kept rising, however, amid the recovery in overseas demand, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,850-4,870/tonne ($748-751/t), down CNY 50/t from the previous Friday. On the Shanghai Futures Exchange, the May 2021 HRC contract closed CNY 138/t lower than Thursday and&nb…
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Anonymous
Very good overview of the weekly steel market.
Anonymous