31
May
09:25
Chinese HRC slips amid customs investigation uncertainty
As the effects of policy stimulus faded, Chinese hot rolled coil prices fell throughout last week and dragged down export quotes, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235B HRC was traded at around CNY 3,820-3,840/tonne ($527-530/t), down CNY 50/t on-week. On the Shanghai Futures Exchange, the most-traded October 2024 contract for HRC lost CNY 30/t from Thursday and CNY 70/t on-week to CNY 3,833/t.
In Wuxi on…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous