30
Sep
10:42
Pre-holiday demand bounce supports Chinese domestic HRC
Amid continuing production curbs, Chinese domestic markets ushered in a short demand recovery ahead of the long October holiday. Both hot rolled coil futures and spot prices rose this week, Kallanish notes.
In Shanghai on Thursday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,760-5,780/tonne ($891-894/t), up CNY 65/t from the previous Friday. On the Shanghai Futures Exchange, the January 2022 contract for HRC futures closed CNY 16/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous