02
Aug
09:30
Chinese domestic and export HRC markets slide
China's domestic hot rolled coil prices slumped at the end of last week. Prices are now slipping below breakeven for some mills, and traders are also being squeezed as inventories have increased in recent weeks, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,770-3,790/tonne ($546-549/t), CNY 100/t lower than the previous week after a sharp drop on Friday. On the Shanghai Futures Exchange, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous