14
May
12:58
Chinese HRC exports exceed $1,000/t
Chinese hot rolled coil export prices skyrocketed last week due to demand and strong push from domestic prices, but both spot and futures markets slumped from Thursday aalmost as fast as their rise at the beginning of the week, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 6,220-6,230/tonne ($965-966/t), falling from the weekly peak of nearly CNY 6,700/t on Wednesday, but up CNY 145/t from the previous Friday.…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous