18
Mar
11:33
Chinese HRC fluctuates amid Covid-19 lockdowns
Due to disruption caused by the spread of Covid-19, Chinese hot rolled coil prices fell after touching recent highs, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,100-5,130/tonne ($801-806/t), climbing CNY 15/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the May 2022 contract for HRC gained CNY 75/t from Thursday but lost CNY 8/t on-week to CNY 5,129/t.
Weekly HRC production saw a slight increase …
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Anonymous
Very good overview of the weekly steel market.
Anonymous