08
Sep
10:31
Chinese HRC weakens as peak season arrives slowly
China’s hot rolled coil prices kept falling last week as demand remained low while September is typically the golden period for demand in the second half of the year, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,860-3,880/tonne ($525-528/t), down CNY 60/t from the prior week. On the Shanghai Futures Exchange, the January 2024 contract for HRC became the most-traded. It lost CNY 71/t from Thursday…
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Anonymous
Very good overview of the weekly steel market.
Anonymous