17
May
09:25
Chinese HRC sidesteps futures surges
After slumping earlier last week, Chinese hot rolled coil futures surged over Thursday-Friday on a frenzy encouraged by real estate stimulus policies. However, domestic spot prices and export offers partially ignored this growth due to sluggish demand, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235B HRC was traded at around CNY 3,860-3,880/tonne ($534-537/t), up CNY 20/t on-week. On the Shanghai Futures Exchange, the most-traded October 20…
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Anonymous
Very good overview of the weekly steel market.
Anonymous