01
Apr
14:16
More regions attract Chinese HRC amid weak domestic demand
Chinese hot rolled coil futures fluctuated higher last week thanks to continuous talk of stimulus policies, which in turn pushed up spot prices. However, domestic demand remained at low levels compared to previous years due to Covid lockdowns, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,270-5,300/tonne ($828-833/t), up CNY 45/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the October 20…
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Anonymous
Very good overview of the weekly steel market.
Anonymous