29
Jan
11:42
Chinese HRC prices drop slightly, exports slow
Chinese domestic hot rolled coil demand steadied and then improved last week, but in the export market buying has slowed. Support from raw materials costs has weakened, as both coke and iron ore futures encountered new monthly lows, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,490-4,510/tonne ($697-700/t), down CNY 10/t week-on-week. On the Shanghai Futures Exchange, the May 2021 HRC contract…
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Anonymous
Very good overview of the weekly steel market.
Anonymous