25
Sep
11:38
Chinese HRC prices fall on weak trading
China’s domestic hot rolled coil market remained in a tepid state last week. Although there was some confidence in the market, the expected restocking before China’s National Day has not materialised, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,850-3,880/tonne ($564-569/t), down CNY 70/t from the previous Friday. On the Shanghai Futures Exchange, the October 2021 HRC contract closed C…
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Anonymous
Very good overview of the weekly steel market.
Anonymous