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28 Apr
10:41

Chinese HRC price drops accelerate

Chinese hot rolled coil prices saw an acceleration in price declines earlier last week due to market panic. By the end of the week, they had registered the largest weekly declines in the past several weeks despite an upward adjustment in the alst few days, Kallanish notes. In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,960-3,980/tonne ($572-575/t), down CNY 150/t from a week earlier. On the Shanghai Futures Exchange, meanwhil…
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