18
Sep
10:43
Chinese HRC plagued by frustrated expectations
China’s domestic hot rolled coil market has been dissapointed in the recovery in demand. Prices fell last week but saw a partial recovery on Friday, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,920-3,950/tonne ($580-585/t), down CNY 25/t from the previous Friday. On the Shanghai Futures Exchange, the October 2021 HRC contract closed CNY 36/t higher than Thursday, but CNY 56/t lowe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous