05
Aug
08:58
Chinese HRC steps up with limited demand growth
Last week, economic policy announcements fell quiet and demand failed to increase. Chinese hot rolled coil prices thus fluctuated and finally only gained a little on-week, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,000-4,020/tonne ($593-596/t), up CNY 25/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded October 2022 contract for HRC lost CNY 48/t from Th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous