20
Nov
10:09
Chinese HRC prices skyrocket
Chinese hot rolled coil prices remained on a frantic upward charge in the past week. Unabated demand and an international economic recovery injected momentum into the market, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,210-4,230/tonne ($641-644/t), up CNY 125/t from 13 November. On the Shanghai Futures Exchange, the October 2021 HRC contract closed CNY 6/t higher than Thursday, and CNY 114/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous