03
Nov
12:49
Chinese HRC prices diverge on demand
Domestic hot rolled coil prices rose in China last week on futures gains amid improved sentiment and slowly improving apparent consumption. Export prices however, slipped on sluggish demand and buyers’ low expectations, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,870-3,890/tonne ($530-532/t), up CNY 70/t from the prior Friday. On the Shanghai Futures Exchange, the January 2024 contract…
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Anonymous
Very good overview of the weekly steel market.
Anonymous