30
Sep
09:02
Chinese HRC prices diverge amid CNY devaluation
Improving demand ahead of the long seven-day October holiday spurred Chinese domestic hot rolled coil prices last week. However, weaker overseas demand and Chinese yuan depreciation dragged down export prices, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,980-4,000/tonne ($561-564/t), up CNY 45/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded, January 2023 contract for HRC&nb…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous