19
Jul
09:23
Chinese HRC prices touch two-year lows
China's hot rolled coil prices have failed to draw support from the much-anticipated Plenary Session. Instead, they accelerated their decline to two-year lows last Friday. Export prices fell to their lowest level since October 2020, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235B HRC was traded at around CNY 3,600-3,620/tonne ($495-498/t), down CNY 70/t on-week. On the Shanghai Futures Exchange, the most-traded October 2024 c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous