18
Aug
12:22
Chinese HRC prices level off after sharp falls
Chinese hot rolled coil prices were beginning to level off last week after sharp falls in the previous fortnight, as the market did not see a clear direction amid the stalemate, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,900-3,920/tonne ($535-538/t), down CNY 30/t from a week earlier. On the Shanghai Futures Exchange, the most-traded October 2023 contract for HRC lost CNY 19/t from Thursday…
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Anonymous
Very good overview of the weekly steel market.
Anonymous