01
Nov
08:20
Chinese HRC rises slightly
Chinese domestic hot rolled coil prices have increased a little from the previous week. Export HRC, meanwhile, remains uncompetitive, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 3,520-3,530/tonne ($500-501/t), CNY 5/t higher from the previous Friday. On the Shanghai Futures Exchange, the January 2020 HRC contract closed CNY 7/t higher than Thursday and CNY 2/t lower over the week at CNY 3,358/t.
Inv…
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Anonymous
Very good overview of the weekly steel market.
Anonymous