14
Jul
10:57
Chinese HRC inches up against sluggish demand
Chinese hot rolled coil walked a tough road towards a rebound last week after a slump the previous Friday, and finally succeeded against sluggish demand with the help of raw materials cost support, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 hot rolled coil was traded at around CNY 3,870-3,890/tonne ($542-545/t), up CNY 40/t from a week earlier. On the Shanghai Futures Exchange, the most-traded October 2023 contract for HRC gained&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous