26
Jan
07:54
Chinese HRC inches up amid positive macro environment
Chinese hot rolled coil prices climbed last week on the support of futures increases. Futures benefited from increased liquidity, while spot transactions were sluggish, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,080-4,100/tonne ($570-573/t), up CNY 60/t on-week. On the Shanghai Futures Exchange, the May 2024 contract for HRC gained CNY 5/t from Thursday and CNY 70/t on-week to CNY 4,102/t.…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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