13
Aug
14:13
Chinese HRC remains stable on weak demand
Despite fluctuations in sentiment due to Tangshan’s plan to limit steel production during Beijing Winter Olympics and Paralympics, Chinese hot rolled coil prices finally ended the week level with both production and demand weak, Kallanish notes. Export markets meanwhile remained silent as Chinese prices are not competitive.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,820-5,840/tonne ($898-901/t), down CNY 3…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous