09
Oct
11:58
Chinese HRC market regains vigour after long holiday
China's domestic hot rolled coil market has rebounded after the long October holiday. This was supported by improved demand expectations in October, while billet prices in Tangshan had already increased mid-holiday because of new production restrictions, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,890-3,910/tonne ($580-583/t), down CNY 30/t from the previous Wednesday. On the Shanghai Futures…
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Anonymous
Very good overview of the weekly steel market.
Anonymous