04
Jun
12:09
Chinese HRC hikes, exports stall on tax uncertainty
When government price control showed signs of loosening last Monday, China’s hot rolled coil market seized the opportunity to rise. End user demand has not been strong to match, however. End users are still focused on back-to-back business, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,620-5,640/tonne ($877-880/t), up CNY 160/t from the previous Friday. On the Shanghai Futures …
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous