19
Apr
06:21
Chinese domestic HRC hikes, Asian purchases stall
Chinese hot rolled coil continued its upward trend for the second consecutive week, but the rise in futures slowed and fundamentals did not changed, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,850-3,870/tonne ($532-534/t), up CNY 60/t from the week-ago level. On the Shanghai Futures Exchange, the most-traded October 2024 contract for HRC lost CNY 11/t from Tuesday but gained CNY 56/t f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous