26
Apr
07:04
Chinese HRC holds while VAT-evading offers vanish
Chinese hot rolled coil prices fluctuated in a relatively small range last week since the market was quiet. The export market is witnessing a major change as non-VAT export quotations gradually disappear, Kallanish learns.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,850-3,870/tonne ($531-534/t), remaining unchanged on-week. On the Shanghai Futures Exchange, the most-traded October 2024 contract for HRC gained CNY…
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Anonymous
Very good overview of the weekly steel market.
Anonymous