07
May
11:45
Deteriorating Sino-Australian relations push up HRC
Chinese hot rolled coil prices soared after the Labour Day holiday due to strong raw materials such as iron ore, while traders were taking advantage of strong demand to hike offers, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 6,070-6,090/tonne ($940-943/t), up CNY 285/t from the previous Friday. On the Shanghai Futures Exchange, October 2021 HRC futures closed CNY 64/t higher than Thursday and…
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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