12
Apr
08:25
Chinese HRC sees chaotic export offers, domestic increases
Chinese hot rolled coil futures kept rising step by step last week in line with improving sentiment and falling inventories. However, fundamentals have not improved much, limiting gains in the spot market, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,790-3,810/tonne ($518-521/t), up CNY 40/t from 3 April, the last trading day of last week. On the Shanghai Futures Exchange, the May 2024 contract fo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous