30
Apr
11:40
Chinese HRC hikes further, exports stall
Chinese hot rolled coil gained ground rapidly in both futures and domestic spot markets last week but then dived on Friday due to risk aversion. The restrictions kept bubbling up however, resulting in the overall weekly increase, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,790-5,800/tonne ($896-897/t), up CNY 165/t from the previous Friday. On the Shanghai Futures Exchange, October 2021 HRC …
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Anonymous
Very good overview of the weekly steel market.
Anonymous