30
Jul
13:22
Sentiment drives Chinese domestic HRC higher, exports stagnate
Chinese hot rolled coil futures have been heating up since Thursday, when it emerged that no export tax would be imposed at the end of the month. Domestic spot prices were boosted by futures, but without significant improvement in end user demand, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 6,050-6,070/tonne ($937-940/t), up CNY 150/t from the previous Friday. On the Shanghai Futures Exchange, October&n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous