07
Aug
10:06
Chinese HRC prices rise sharply
Chinese domestic hot rolled coil prices were still rising last week, and at a faster rate than the previous week. Demand has improved, while traders are holding material in expectation of higher prices, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,120-4,130/tonne ($592-593/t), up CNY 90/t from the previous Friday. On the Shanghai Futures Exchange, the October 2020 HRC contract closed CNY 6/t lower than Thur…
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