06
Mar
09:24
Chinese HRC market reverses earlier gains
Chinese HRC spot market prices increased early last week although demand was still recovering slowly. A reduced new arrival of HRC to market helped to slow down the build-up in inventories. China's export markets fell silent as its offers were undercut by Korean and Japanese mills, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was tradable at around CNY 3,520-3,540/tonne ($500-504/t), CNY 15/t higher from the p…
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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