12
May
09:39
Chinese HRC prices experience volatility after short-lived hype
Amid price hikes triggered by rising futures on Monday last week, followed by decreases because of weak demand, Chinese hot rolled coil prices fluctuated frequently last week. However, they finally remained on a downward trend, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,870-3,890/tonne ($557-560/t), up CNY 20/t from a week earlier. On the Shanghai Futures Exchange, meanwhile, the most-traded October …
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Anonymous
Very good overview of the weekly steel market.
Anonymous