11
Oct
09:09
Chinese HRC market weakens
Chinese domestic hot rolled coil prices lowered last week, with fewer deals than expected by traders, Kallanish notes. Export markets remained under pressrue meanwhile, with Chinese material so uncompetitive that traders are now exploring imports.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY3,580-3,590/tonne ($504-505/t), CNY 30/t lower than the Friday before the national holiday. On the Shanghai Futures Exchange, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous