26
May
06:50
Chinese HRC prices fall to half-year lows
Chinese hot rolled coil prices saw sharp declines last week, even though they had hit year-to-date lows just one week earlier, due to weak demand and a bearish outlook before the traditional low season, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,780-3,800/tonne ($536-538/t), down CNY 120/t from a week earlier. On the Shanghai Futures Exchange, meanwhile, the most-traded October 2023 contract for…
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Anonymous
Very good overview of the weekly steel market.
Anonymous