15
May
10:38
Chinese HRC prices remain strong
Chinese domestic hot rolled coil prices continued rising over the last week. Traders in both domestic and export markets showed a strong intention to raise prices, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,450-3,470/tonne ($486-489/t), up CNY 50/t from the previous Friday. On the Shanghai Futures Exchange, the October 2020 HRC contract closed CNY 21/t higher than Thursday and CNY 38/t higher over the wee…
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Anonymous
Very good overview of the weekly steel market.
Anonymous