13
Mar
08:41
Chinese HRC prices fall on heavy inventory pressure
Chinese hot rolled coil spot market prices have continued to fluctuate in early March. The continued increase in HRC social inventories has outweighed the slow recovery in demand. Export traders meanwhile have started to accept orders at lower prices than last week, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,500-3,530/tonne ($501-505/t), CNY 15/t lower from the previous Friday. On the Shang…
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Anonymous
Very good overview of the weekly steel market.
Anonymous