21
May
13:18
Chinese HRC suffers setback on macro fears
China’s hot rolled coil markets were in panic last week as meetings of the State Council have released increasingly stronger warnings to control high prices and inflation, which have seen transactions in spot markets slow, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,680-5,700/tonne ($883-886/t), down CNY 535/t from the previous Friday. On the Shanghai Futures Exchange, October 2021 HRC futu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous