29
Jul
09:19
Chinese HRC export prices lag behind domestic
Chinese hot rolled coil prices were boosted by better demand and shrinking inventories, but export markets remained stable as sluggish demand left no room for a slight rebound in prices, Kallanish observes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,970-4,000/tonne ($589-594/t), up CNY 180/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded October 2022 contract for HRC lost CNY 50/…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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