17
Jul
11:52
Chinese HRC maintains growth
Chinese domestic hot rolled coil prices maintained an upward trend last week. China’s gradually recovering economy and traders’ confidence has supported higher prices, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,900-3,920/tonne ($557-560/t), up CNY 200/t from the previous Friday. On the Shanghai Futures Exchange, the October 2020 HRC contract closed CNY 17/t higher than Thursday …
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous