23
Sep
11:33
Chinese HRC remains firm against currency depreciation
Despite disruptions in financial markets, slowly improving consumption pushed Chinese domestic hot rolled coil prices a little higher last week. Exports of HRC for re-rolling remained weak, though lower-grade exports were more active, Kallanish observes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,930-3,960/tonne ($552-556/t), up CNY 40/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded, January 2…
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Anonymous
Very good overview of the weekly steel market.
Anonymous