05
Nov
15:35
Chinese HRC drops further as bearish outlook swells
Despite a very slight improvement, China’s hot rolled coil demand is still lower than at the same time in previous years. With winter approaching, a bearish outlook dominates the market and has pushed HRC prices into decline, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,990-5,000/tonne ($779-781/t), down CNY 365/t from the previous Friday. On the Shanghai Futures Exchange, meanwhile, the Jan…
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Anonymous
Very good overview of the weekly steel market.
Anonymous