14
Jan
11:39
Chinese HRC remains stable amid low transactions
Despite a carnival atmosphere in hot rolled coil futures trading, supported by raw materials prices, declining spot transactions caused Chinese HRC prices to retreat after a brief rise early last week, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,950-4,970/tonne ($779-783/t), up CNY 10/t from the previous Friday. On the Shanghai Futures Exchange, meanwhile, the May 2022 contract for HRC gained CNY 33/t from Thur…
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Anonymous
Very good overview of the weekly steel market.
Anonymous