10
Mar
11:15
Chinese HRC prices stabilise without stimulus support
As the Two Sessions last week failed to issue stronger stimulus policies, Chinese HRC prices only rose slightly thanks to a further decrease in stocks, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,400-4,420/tonne ($632-635/t), up CNY 20/t from a week earlier. On the Shanghai Futures Exchange, meanwhile, the most-traded May 2023 contract for HRC lost CNY 6/t from Thursday but gained CNY 2…
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Anonymous
Very good overview of the weekly steel market.
Anonymous