04
Sep
10:32
Chinese HRC price rebounds on demand recovery
Chinese domestic hot rolled coil prices rebounded slightly last week. Entering the traditional peak season in September, traders have been able to lift offers, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,050-4,060/tonne ($592-594/t), up CNY 15/t from the previous Friday. On the Shanghai Futures Exchange, the main HRC contract has changed from October 2020 to January 2021, and closed CNY 32/t lowe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous