13
Oct
09:28
Chinese HRC prices fall to year low
In the first full week after the National Day holiday, China's hot rolled coil market saw no rebound in demand, contrary to expectations. Instead, the HRC price decline accelerated, with values reaching their lowest so far this year, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,750-3,770/tonne ($513-516/t), down CNY 110/t from the last trading day of September. On the Shanghai Futures Exchange, the January 2…
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Anonymous
Very good overview of the weekly steel market.
Anonymous