24
May
15:34
CIS HRC prices plateau on China fears
The CIS hot rolled coil price rise is encountering its first serious countercheck this week since the current upward run started in February. This is on the back of the bearish reaction of China’s hot rolled coil futures and spot markets to the State Council's anti-inflation and speculation meetings. Offers have declined consdierably in both domestic and export markets (see separate article).
Plunging Chinese HRC prices had a sobering effe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous