10
Feb
09:19
Chinese HRC steadies ahead of holiday
Despite Chinese hot rolled coil transactions in the domestic spot market declining further this week, traders did not lower their offers. Rumours of export tax rebates are still spreading uncertainty, but most offers have in any case been stopped for the holiday, Kallanish notes.
In Shanghai on Wednesday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,470-4,490/tonne ($694-698/t), unchanged from last Friday. On the Shanghai Futures Exchange, the Ma…
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Anonymous
Very good overview of the weekly steel market.
Anonymous