24
Jul
12:05
Chinese HRC is still on an upward
Chinese domestic hot rolled coil prices increased again last week, as it has been rising for weeks. The upcoming demand after the rainy season has given confidence to the market, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,970-3,980/tonne ($566-567/t), up CNY 65/t from the previous Friday. On the Shanghai Futures Exchange, the October 2020 HRC contract closed CNY 73/t lower than Thursday and CNY 15/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous