18
Jun
12:32
Chinese HRC fluctuates in quiet market
China’s hot rolled coil prices suffered more volatility last week, as the market was quiet amid a standoff between traders and customers. Declining demand resulted in expansion of inventories both at mills and traders, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,590-5,600/tonne ($868-869/t), down CNY 35/t from the previous Friday. On the Shanghai Futures Exchange, October 2021 HRC futures&n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous