17
Dec
12:18
Chinese HRC move up on futures stimulus
Although there is limited room for demand to improve in the short-term, a number of real estate and economic stimulus policies have increased market confidence in medium-term demand. This has triggered a steady rise in Chinese hot rolled coil futures over the last week, and this in turn boosted domestic spot prices and export offers, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,950-4,980/tonne ($776-781/t),…
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Anonymous
Very good overview of the weekly steel market.
Anonymous