28
Jan
09:32
Chinese HRC looks for post-holiday recovery
A more positive outlook based on economic stimulus measures offset the impact of low transaction levels last week, and supported both futures and spot prices for Chinese hot rolled coil, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,960-4,980/tonne ($780-783/t), remaining unmoved from one week earlier. On the Shanghai Futures Exchange, meanwhile, the May 2022 contract for HRC gained CNY 150/t from Thursday a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous