08
Apr
12:53
Chinese HRC stays put amid lockdowns, futures down
Although overall demand improved slowly last week, continuous Covid-19 lockdowns in many cities, weaking sentiment, and a lack of fundamental support pushed Chinese hot rolled coil futures lower. Spot prices meanwhile were more stable due to support from mills and traders, Kallanish observes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,270-5,300/tonne ($828-833/t), remaining unchanged week-on-week. On the Shangha…
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Anonymous
Very good overview of the weekly steel market.
Anonymous