17
Mar
08:53
Chinese HRC slides as financial risks hit confidence
Affected by the impact of the global banking crisis on overall confidence and risk aversion, Chinese hot rolled coil prices turned to fall from Thursday last week. This reversed earlier gains to end level over the whole week, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,380-4,400/tonne ($637-640/t), down CNY 20/t from a week earlier. On the Shanghai Futures Exchange, meanwhile, the most-traded May…
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Kallanish Asia
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