28
Feb
09:11
Chinese HRC prices fall
Chinese HRC spot market prices have declined because of inventory pressures and weak downstream demand. Export market prices have also slumped as the outbreaks of coronavirus overseas have hit sentiment, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was tradable at around CNY 3,500-3,530/tonne ($500-504/t), CNY 15/t lower from the previous Friday. On the Shanghai Futures Exchange, the May 2020 HRC contract closed C…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous