05
Jan
08:29
Chinese HRC holds steady despite falling consumption
Market demand for hot rolled coil last week was subdued due to the off season, but spot prices remain stable thanks to traders' strong willingness to support prices, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,050-4,070/tonne ($571-574/t), remaining unchanged from the last trading day before the new year holiday. On the Shanghai Futures Exchange, the May 2024 contract for HRC lost&n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous