27
Oct
09:29
Chinese HRC prices climb amid hesitation
As demand has not improved significantly, the carnival in the futures market driven by the expansion of China’s fiscal deficit has had a limited impact on spot markets, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,800-3,820/tonne ($519-522/t), up CNY 40/t from the prior Friday. On the Shanghai Futures Exchange, the January 2024 contract for HRC gained CNY 49/t from Thursday and CNY …
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Anonymous
Very good overview of the weekly steel market.
Anonymous