18
Dec
11:55
Chinese HRC markets continue to rejuvenate
China’s domestic hot rolled coil market is still full of energy amid declining inventory and steel mills' willingness to keep prices high. Export market prices slowed down after rapid growth, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,630-4,650/tonne ($708-711/t), up CNY 100/t from the previous Friday. On the Shanghai Futures Exchange, the main HRC contract, now for May 2021, clos…
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Anonymous
Very good overview of the weekly steel market.
Anonymous