28
May
10:52
Rapid decline causes ‘chaos’ in Chinese HRC market
Chinese authorities and steel associations continued to warn about abnormally high prices, forcing China’s hot rolled coil markets, like other ferrous markets, down sharply last week. From Thursday however markets saw an uptick, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,460-5,480/tonne ($857-860/t), down CNY 220/t from the previous Friday. On the Shanghai Futures Exchange, October 20…
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Anonymous
Very good overview of the weekly steel market.
Anonymous