20
Oct
09:11
Chinese HRC stabilises after fluctuations
Markets remained quiet last week while demand showed no obvious improvement, so Chinese hot rolled coil prices fluctuated in a small range and awaited new direction, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,760-3,780/tonne ($515-517/t), up CNY 10/t from the prior Friday. On the Shanghai Futures Exchange, the January 2024 contract for HRC lost CNY 36/t from Thursday but gained CNY&nbs…
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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