24
Sep
11:07
Chinese HRC falls further on slow demand recovery
Demand for Chinese hot rolled coil has failed to meet market expectations after the Mid-Autumn Festival holiday, resulting in a continuous decline in spot prices, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,700-5,710/tonne ($882-884/t), down CNY 75/t from the previous Friday. On the Shanghai Futures Exchange, the January 2022 contract for HRC futures closed CNY 149/t lower than Thursday and&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous