02
Aug
07:37
Chinese HRC prices hold at four-year lows
Affected by sluggish demand and bearish sentiment, Chinese hot rolled coil futures fluctuated at 21-month lows last week, while domestic prices inched lower from four-year lows, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235B HRC was traded at around CNY 3,430-3,450/tonne ($475-478/t), down CNY 90/t on-week. On the Shanghai Futures Exchange, the most-traded October 2024 contract for HRC gained CNY 20/t from Thursday but lost…
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Anonymous
Very good overview of the weekly steel market.
Anonymous