21
Jan
10:21
Chinese HRC stays put under sales pressure
Unlike futures prices, which rose sharply under the stimulus of macro policies, spot hot rolled coil prices stayed relatively stable in both domestic and export markets last week because of weak sales, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,960-4,980/tonne ($782-785/t), up CNY 10/t from the previous Friday. On the Shanghai Futures Exchange, meanwhile, the May 2022 contract for HRC gained CNY 7/t from Thurs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous