18
Aug
11:14
Chinese HRC recovers from slump
Chinese hot rolled coil prices had a rollercoaster week, recovering well after a severe blow at the start of the week. By the end of the week however, both domestic and export prices were higher than seven days previously and traders expected prices to be firm in the coming weeks, Kallanish notes.
On Friday afternoon 5.5x1,500mm Q235B HRC was trading at CNY 4,120-4,140/tonne ($618-621/t), down CNY 15/t from a week earlier but already up CNY 30-40/t over the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous