20
Dec
09:36
Chinese HRC price uptrend slows
Chinese domestic hot rolled coil prices have continued to rise although momentum has weakened. Exports to East and Southeast Asia have seen growing opportunities however, with transaction prices showing an upward trend, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,900-3,910/tonne ($556-558/t), CNY 15/t higher from the previous Friday. On the Shanghai Futures Exchange, the May 2020 HRC contract closed CNY 18/t low…
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Anonymous
Very good overview of the weekly steel market.
Anonymous