11
Jun
13:06
Chinese HRC ends week unchanged following fluctuation
After a large decrease last Monday due to weak trade data and falling sentiment, China’s hot rolled coil prices picked up day by day in a quiet market for the rest of the week. Demand remained a little lower as sales were impacted by end user focus on back-to-back business, and heavy rains, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,640-5,650/tonne ($883-884/t), up CNY 15/t from the previous Friday.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous