30
Dec
09:42
Chinese HRC ends 2022 with significant rises
After the first wave of Covid outbreaks in many major cities, including Beijing, market sentiment recovered rapidly last week and began to push up market prices due to expectations for 2023, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 hot rolled coil was traded at around CNY 4,180-4,200/tonne ($587-590/t), up CNY 80/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded May 2023 contract for HRC gained&nb…
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Anonymous
Very good overview of the weekly steel market.
Anonymous