09
Dec
11:00
Chinese HRC hikes on domestic optimism
The shocking and rapid shift in China's zero-Covid policy easing has greatly boosted the steel market last week, driving hot rolled coil prices to a rapid climb in both domestic and export markets, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,080-4,100/tonne ($587-590/t), up CNY 130/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the May 2023 contract for HRC replaced January 2023 cont…
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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