10
Dec
10:39
Chinese HRC keeps silent on stable demand
Domestic demand for hot rolled coil has fallen slightly due to weak procurement intentions in winter and outbreaks of Covid in multiple cities, prompting Chinese HRC prices to retreat from Thursday after previously rebounding thanks to monetary stimulus, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,830-4,860/tonne ($758-763/t), down CNY 10/t from the previous Friday. On the Shanghai Futures Exchange, meanwh…
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Anonymous
Very good overview of the weekly steel market.
Anonymous