07
Jan
16:42
Chinese HRC market loses interest in exports
The improvements in domestic demand expectations and strong futures prices kept pushing up Chinese hot rolled coil prices last week. Meanwhile traders were further losing interest in exports as Chinese offers have lost competitiveness, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,940-4,960/tonne ($775-778/t), up CNY 60/t from the previous Friday. On the Shanghai Futures Exchange, meanwhile, the May 2022 contract…
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Anonymous
Very good overview of the weekly steel market.
Anonymous