04
Aug
10:03
Chinese HRC slumps amid violent fluctuations
Chinese domestic hot rolled coil prices slumped on Wednesday and Thursday last week because of the impacts from typhoon Doksuri. Export prices were also dragged down as a result. Market sentiment has been hit by rapid ups and downs in the past fortnight, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,000-4,020/tonne ($557-560/t), down CNY 100/t from a week earlier. On the Shanghai Futures Exchange, the most-t…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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