22
Jan
11:00
Chinese HRC decline deepens, buyers wait and see
China’s domestic hot rolled coil demand remains weak, while export markets have also been affected by a more cautious mindset. Traders’ low willingness to restock is causing a backlog of products at steel mills, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,500-4,520/tonne ($695-698/t), down CNY 105/t week-on-week. On the Shanghai Futures Exchange, the May 2021 HRC contract closed CNY 68/t l…
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Anonymous
Very good overview of the weekly steel market.
Anonymous