04
Nov
12:09
Chinese HRC picks up from two-year lows
As both production and inventories fell slowly last week, market sentiment took a breather and pushed up futures slowly. Domestic prices and export prices thus were spurred and climbed from two-year lows, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,750-3,770/tonne ($516-519/t), up CNY 40/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded, January 2023 contract for HRC ga…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous