21
Feb
09:06
Chinese HRC prices improve as inventory increase slows
Chinese HRC spot market prices have picked up in line with the uptrend in the futures market, and as the build-up in inventories slowed slightly. For export markets, tradable prices also slightly increased on Friday after mills sold significant quantities to South Korea and other markets earlier in the week, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was tradable at around CNY 3,520-3,540/tonne ($500-503/t), CNY 30/t high…
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Anonymous
Very good overview of the weekly steel market.
Anonymous