10
Jun
13:53
Chinese HRC struggles to shake off weak demand
While futures are supported by expectations of a demand recovery, Chinese spot hot rolled coil markets are eager to shake off long-standing weak demand in both domestic and overseas markets, Kallanish notes.
In Shanghai on Thursday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,900-4,930/tonne ($734-738/t), down CNY 40/t week-on-week. On the Shanghai Futures Exchange meanwhile, the most-traded October 2022 contract for HRC gained CNY 7/t from…
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Anonymous
Very good overview of the weekly steel market.
Anonymous