12
Nov
09:42
Chinese HRC ‘s decline slows down as sentiment eases
Although demand remains too weak to invigorate the market, an expected supply contraction for futures contracts and the loosening of real estate financing policies (see Kallanish passim), boosted market confidence and has started to pull the spot market higher since Thursday, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,860-4,870/tonne ($762-763/t), down CNY 130/t from the previous Frida…
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Anonymous
Very good overview of the weekly steel market.
Anonymous