27
May
13:37
Chinese HRC falls further on stagnant demand
Even as production began to fall, Chinese hot rolled coil prices fell deeper last week amid lacklustre demand. Export prices were also lacking support, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,720-4,740/tonne ($704-707/t), down CNY 150/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded, October 2022 contract for HRC gained CNY 66/t from Thursday but lost CNY 72/t on-week to CNY 4,69…
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Anonymous
Very good overview of the weekly steel market.
Anonymous