14
Feb
08:19
Chinese HRC prices sink as buyers wait
Chinese HRC market offers increased in number during the last week, as prices however were declining. For export markets also, offers are appearing but few deals have been concluded and prices are being forced lower, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was tradable at around CNY 3,490-3,510/tonne ($500-503/t), CNY 75/t lower from the previous Friday. On the Shanghai Futures Exchange, the May 2020 HRC contract close…
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Anonymous
Very good overview of the weekly steel market.
Anonymous