20
Aug
11:30
Chinese HRC falls on market panic
China’s poor real estate performance in July and the market panic spreading from collapsing iron ore prices dragged down Chinese hot rolled coil prices last week. Prices finally saw a limited rebound on Friday however, Kallanish notes. Exports were in lull as usual because of uncompetitive high price.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,660-5,690/tonne ($871-875/t), down CNY 155/t from the previous Friday. On…
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Anonymous
Very good overview of the weekly steel market.
Anonymous