22
Oct
09:53
Chinese HRC weakens on lower demand, bearish sentiment
Demand for hot rolled coil in China fell last week, foiling expectations of a seasonal recovery. Coupled with the bearish market sentiment triggered by stricter regulatory measures on commodities, this saw Chinese HRC slump over the week, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,600-5,620/tonne ($876-880/t), down CNY 210/t from the previous Friday. On the Shanghai Futures Exchange, meanwhile, the J…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous