09
Aug
10:08
Chinese HRC falls, exports supported by yuan appreciation
Chinese hot rolled coil prices fluctuated lower last week, but futures dropped faster than spot prices as bearish sentiment and financial markets dominated, instead of fundamentals, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235B HRC was traded at around CNY 3,400-3,420/tonne ($474-477/t), down CNY 30/t on-week. On the Shanghai Futures Exchange, the most-traded October 2024 contract for HRC gained CNY 15/t from Thursday but …
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Anonymous
Very good overview of the weekly steel market.
Anonymous