18
Oct
08:46
Chinese HRC market weakens on import threat
Chinese domestic hot rolled coil prices continue to fall and are nearing breakeven levels. Export offers meanwhile remain largely uncompetitive but are falling, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,510-3,530/tonne ($496-505/t), CNY 65/t lower than the previous Friday. On the Shanghai Futures Exchange, the January 2020 HRC contract closed CNY 12/t lower than Thursday and CNY 72/t lower over the week at CNY 3,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous