12
Jan
07:19
Chinese HRC slips marginally as demand struggles
China's hot rolled coil futures embarked on a two-day recovery after falling for three days last week. The rapid decline had triggered confusion in market sentiment and wild price fluctuations, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,020-4,040/tonne ($563-566/t), down CNY 30/t on-week. On the Shanghai Futures Exchange, the May 2024 contract for HRC lost CNY 15/t from Thursday and CNY 53/t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous