03
Jul
13:27
Chinese HRC increases on upcoming demand
Chinese domestic hot rolled coil prices showed an upward trend over last week, despite a downturn early in the week, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,760-3,770/tonne ($532-534/t), up CNY 25/t from the previous Wednesday before the Dragon Boat Festival holiday. On the Shanghai Futures Exchange, the October 2020 HRC contract closed CNY 43/t higher than Tuesday and CNY 2/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous