17
Jan
09:04
Upcoming holiday causes Chinese HRC price fall
Chinese domestic hot rolled coil prices have fallen over the past week, with limited brands made available despite rising inventories. Export prices also declined during the week, facing falling short-term demand in Southeast Asia, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,900-3,910/tonne ($568-570/t), CNY 25/t lower from the previous Friday. On the Shanghai Futures Exchange, the May 2020 HRC contract clo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous