12
Jun
11:00
Chinese HRC prices remain strong
China's domestic hot-rolled coil market remains strong on end-user demand, while traders hold a positive outlook on the market in the coming weeks, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,660-3,680/tonne ($517-520/t), up CNY 30/t from the previous Friday. On the Shanghai Futures Exchange, the October 2020 HRC contract closed CNY 45/t higher than Thursday and CNY 68/t higher…
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Anonymous
Very good overview of the weekly steel market.
Anonymous