11
Aug
10:07
Chinese HRC prices trend lower on weak transactions
Chinese domestic hot rolled coil prices were trending lower last week because of deteriorating fundamentals, causing export prices to be dragged down, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,930-3,950/tonne ($557-560/t), down CNY 70/t from a week earlier. On the Shanghai Futures Exchange, the most-traded October 2023 contract for HRC gained CNY 16/t from Thursday but lost CNY 5…
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Anonymous
Very good overview of the weekly steel market.
Anonymous