11
Dec
12:08
Chinese HRC shoots to historical highs
China’s domestic and export hot rolled coil market has continued to rise and at an even faster pace last week. Strong demand and a shortage of production has supported the increase, as well as the price increase of raw materials, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,520-4,560/tonne ($691-697/t), up CNY 245/t from the previous Friday. On the Shanghai Futures Exchange, the main HR…
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Anonymous
Very good overview of the weekly steel market.
Anonymous