03
Apr
09:55
Chinese HRC prices fall further on weak buying
Chinese hot rolled coil prices fell rapidly over the last week. Traders have faced difficulties selling in both domestic and export markets, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,200-3,220/tonne ($451-454/t), CNY 135/t lower from the previous Friday. On the Shanghai Futures Exchange, the October 2020 HRC contract closed CNY 43/t lower than Thursday and CNY 136/t lower ov…
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Anonymous
Very good overview of the weekly steel market.
Anonymous