21
Jun
16:17
Chinese domestic HRC falls but export market rebounds
Although Chinese hot rolled coil prices remained on a downtrend last week, the rate of decline slowed on-week. With support from rising futures prices for September and October, traders hope prices can stabilise, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,790-3,820/tonne ($552-558/t), down CNY 10/t over the week. On the Shanghai Futures Exchange, the October HRC contract closed CNY 49/t lo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous