14
Apr
11:07
Chinese HRC weakens as demand remains sluggish
As weekly apparent consumption has showed no improvement and futures continued to fall, Chinese domestic and export hot rolled coil prices hit two-month and three-month lows last week, respectively, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,210-4,230/tonne ($615-618/t), down CNY 30/t from a week earlier. On the Shanghai Futures Exchange, meanwhile, the most-traded October 2023 contract for HRC…
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Anonymous
Very good overview of the weekly steel market.
Anonymous