01
Mar
06:47
Chinese HRC holds steady, awaits demand recovery
Chinese hot rolled coil prices followed futures prices, fluctuating in a wide range in the past week. They ended up level week-on-week on Friday as the steel demand recovery was still a work in progress, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,940-3,960/tonne ($547-550/t), up just CNY 10/t on the prior Friday. On the Shanghai Futures Exchange, the May 2024 contract for HRC lost CNY 26/t from …
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Anonymous
Very good overview of the weekly steel market.
Anonymous