22
Dec
09:38
Chinese HRC rebounds on mood recovery
Chinese hot rolled coil and plate prices rose step by step last week as the market mood was boosted by recovering weekly HRC consumption, alongside production restrictions at re-rollers in Tangshan, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,070-4,090/tonne ($570-572/t), up CNY 40/t from the prior Friday. On the Shanghai Futures Exchange, the May 2024 contract for HRC gained CNY 23/t from Thursd…
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Anonymous
Very good overview of the weekly steel market.
Anonymous