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15 Oct
10:57

Slow demand recovery drags down Chinese HRC

The speed of recovery of domestic hot rolled coil demand after China’s Golden Week Holiday was widely regarded by market participants as “lower than expected,” impacting market confidence last week, Kallanish notes. In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,810-5,830/tonne ($904-907/t), down CNY 60/t from the previous Friday. On the Shanghai Futures Exchange, meanwhile, the January 2022 c…
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