08
Dec
08:47
Chinese HRC sees unexpected gains on bullish outlook
Chinese domestic and export prices were significantly boosted by surging futures over Thursday-Friday last week, but transaction volumes failed to jump in the meantime, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,080-4,100/tonne ($571-574/t), up CNY 130/t from the prior Friday. On the Shanghai Futures Exchange, the May 2024 contract for HRC gained CNY 35/t from Thursday but lost CNY 113…
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Anonymous
Very good overview of the weekly steel market.
Anonymous