05
Jul
10:40
Chinese HRC market turns down
Chinese domestic HRC prices turned down sharply late last week. Traders appear to be losing confidence in the recent price increases, and the Shanghai Futures Exchange HRC contract has been falling for several days, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3890-3900/tonne ($566-567/t), a fall of CNY 50/t over the week. On the Shanghai Futures Exchange, the October HRC contract closed …
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Anonymous
Very good overview of the weekly steel market.
Anonymous