03
Apr
09:05
Chinese HRC rebounds on production cuts expectations
Chinese hot rolled coil prices rebounded from 20-month lows earlier this week. Sentiment improved on talk of production cuts and improving manufacturing sector operations, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,750-3,770/tonne ($518-521/t), up CNY 80/t from 29 March. On the Shanghai Futures Exchange, the May 2024 contract for HRC lost CNY 23/t from Tuesday but gained CNY 81/t from …
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Anonymous
Very good overview of the weekly steel market.
Anonymous