20
Mar
09:42
Chinese HRC prices fall but domestic confidence grows
Although Chinese hot rolled coil spot market prices fell in the second half of last week, traders are still keeping a positive outlook for demand and note that domestic HRC inventories are finally falling. Export markets have seen prices slump and few deals were reached, Kallanish notes
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,450-3,460/tonne ($488-490/t), CNY 60/t lower from the previous Friday. On …
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Anonymous
Very good overview of the weekly steel market.
Anonymous