03
Dec
08:20
Chinese domestic HRC firms, export quotes decline
With demand yet to be impacted significantly by winter, Chinese domestic hot rolled coil prices kept rising slowly last week, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,850-4,860/tonne ($761-763/t), up CNY 100/t from the previous Friday. On the Shanghai Futures Exchange, meanwhile, the May 2022 contract replaced January 2022 as the most traded contract for HRC futures. It closed CNY 91/t higher than Thursday a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous