18
Nov
13:03
Chinese HRC cautiously inches higher
As Beijing recently announced a series of relaxation measures on the zero-Covid policy and real estate financing, Chinese steel futures and spot prices went up last week. But the increase in HRC prices was limited by sluggish demand, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,850-3,870/tonne ($540-543/t), remaining unchanged week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded, Janua…
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Anonymous
Very good overview of the weekly steel market.
Anonymous