17
Jun
12:16
Chinese HRC plummets, exports stand still
Chinese domestic hot rolled coil market demand and confidence were both hit last week, while exports of products for re-rolling remained stagnant, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,580-4,610/tonne ($684-688/t), down CNY 320/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded October 2022 contract for HRC lost CNY 156/t from Thursday and CNY 427/t on-week to CNY 4,453/t, touchi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous