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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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