08
Jul
13:50
Chinese HRC slips further on faltered demand rebound
Following a slight rebound, Chinese hot rolled coil prices resumed their decline last week. There is still no sign of a significant rebound in domestic or foreign demand, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,240-4,270/tonne ($633-637/t), down CNY 150/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded October 2022 contract for HRC gained CNY 4/t from Thursday but l…
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Anonymous
Very good overview of the weekly steel market.
Anonymous