02
Jun
09:12
Chinese domestic HRC bottoms out, exports remain weak
Market sentiment turned positive from Thursday last week after the Caixin China manufacturing PMI was released. This boosted hot rolled coil futures and spot prices in China, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,850-3,870/tonne ($544-547/t), up CNY 70/t from a week earlier. On the Shanghai Futures Exchange, meanwhile, the most-traded October 2023 contract for HRC gained CNY 58/t from …
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Kallanish Asia
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous