17
Apr
10:16
Chinese HRC prices remain on upward trajectory
Chinese hot rolled coil prices have continued to rise over the past week, stimulated by positive national policy and futures markets. Exports have also become easier as offers from China regained competitiveness, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,350-3,370/tonne ($473-476/t), CNY 35/t higher from the previous Friday. On the Shanghai Futures Exchange, the October 2020 HRC contract closed CNY 1/t h…
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Anonymous
Very good overview of the weekly steel market.
Anonymous