25
Oct
08:06
Chinese HRC market holds but trade stalls
Chinese domestic hot rolled coil prices have bottomed out, supported by iron ore prices and production restrictions. Mills have, meanwhile, slashed their export offers but both import and export trade are now quiet, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,510-3,530/tonne ($497-500/t), level from the previous Friday. On the Shanghai Futures Exchange, the January 2020 HRC contract closed CNY 4/t higher …
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Anonymous
Very good overview of the weekly steel market.
Anonymous