23
Aug
08:46
Chinese HRC market remains active
China's domestic hot rolled coil prices last week were almost stable from the previous week, while inventories continued to drop. On export markets mills have continued to lower their offer prices but are struggling to compete with cheaper Indian material, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,720-3,740/tonne ($525.19-528.02/t), CNY 10/t lower than the previous week. On the S…
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Anonymous
Very good overview of the weekly steel market.
Anonymous