22
May
05:12
Chinese HRC prices rocket then turn down
Chinese domestic hot rolled coil prices rocketed higher during last week, on expectations of stimulus, before retreating when that stimulus did not meet expectations. Meanwhile export prices also showed a strong upswing, with the global market environment becoming more stable, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,550-3,580/tonne ($498-502/t), up CNY 105/t from the previous Friday but down from …
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Anonymous
Very good overview of the weekly steel market.
Anonymous