30
Sep
12:32
Chinese HRC firms slightly
China's domestic hot rolled coil market ended its downtrend this week and saw prices supported by less inventory and recovering raw material prices, Kallanish notes.
In Shanghai on Wednesday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,860-3,880/tonne ($567-570/t), up CNY 5/t from the previous Friday. On the Shanghai Futures Exchange, the October 2021 HRC contract closed CNY 18/t higher than Tuesday and CNY 32/t higher over th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous