20
May
13:40
Chinese HRC may bottom out after six-week decline
After a slight decline due to the release of expected sluggish economic data for April, Chinese hot rolled coil prices have showed signs of bottoming out. Sentiment and demand recovery expectations are improving, and more stimulus policies being announced, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,870-4,890/tonne ($730-733/t), up CNY 15/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-tra…
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Anonymous
Very good overview of the weekly steel market.
Anonymous