11
Feb
11:36
Chinese HRC remains competitive, sees export opportunities
Thanks to positive demand expectations and strong futures markets, Chinese domestic hot rolled coil prices kept rising last week. Export offers also rose steadily amid overall price hikes, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,130-5,160/tonne ($780-783/t), up CNY 175/t from 28 January. On the Shanghai Futures Exchange, meanwhile, the May 2022 contract for HRC lost CNY 36/t from Thursday. However, it was u…
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Anonymous
Very good overview of the weekly steel market.
Anonymous