31
Dec
11:47
Chinese HRC stabilises as futures dive
Chinese hot rolled coil futures dived on 27 December due to an overall decline in steel-related futures amid weakening market sentiment. However, spot prices then stabilised a little as total inventories nevertheless saw a slight decline over last week, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,880-4,900/tonne ($769-772/t), down CNY 45/t from the previous Friday. On the Shanghai Futures Exchange, meanwhile, t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous