19
Aug
14:30
Chinese HRC falls as demand remains lulled
As demand remained low in both domestic and overseas markets, Chinese hot rolled coil prices fell again last week. Export prices even saw all of this year’s increases wiped out, dropping to levels registered in December 2021, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,850-3,880/tonne ($565-569/t), down CNY 200/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded October 2022 …
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Anonymous
Very good overview of the weekly steel market.
Anonymous