30
Aug
08:47
Chinese HRC market tumbles again
Chinese domestic hot rolled coil prices fell sharply last week, speeding up the downtrend started the previous week. Export offers meanwhile continue to fall but China is only competitive in higher-priced markets such as Korea, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,620-3,640/tonne ($506-509/t), CNY 100/t lower than the previous week. On the Shanghai Futures Exchange, the January 2020 HRC contract closed CNY 6…
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Anonymous
Very good overview of the weekly steel market.
Anonymous