15
Jan
11:14
Chinese HRC prices drop amid stagnant demand
Chinese hot rolled coil prices have decreased sharply amid weak demand, with a small rebound on Friday. Export markets showed a slow decline while facing pressure from lower bids, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,600-4,630/tonne ($711-715/t), down CNY 110/t week-on-week. On the Shanghai Futures Exchange, the May 2021 HRC contract closed CNY 60/t higher than Thursday but CNY 157/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous