13
Nov
10:43
Chinese HRC prices keeps rising on strong demand
China's hot rolled coil demand continued to rise last week, even beyond the market's expectations. Overseas HRC prices meanwhile ahve also surged, leaving Chinese offers more competitive, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,090-4,100/tonne ($618-620/t), up CNY 25/t from the previous Friday. On the Shanghai Futures Exchange, the October 2021 HRC contract closed CNY 46/t higher than Thur…
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Anonymous
Very good overview of the weekly steel market.
Anonymous