02
Dec
11:36
Chinese steel prices end chaotic week firmly
Chinese steel prices ended the week up after a dramatic speculator-fuelled rollercoaster ride on the futures markets. The physical steel markets saw some buying spark up once futures began to stabilise on Thursday but hot rolled coil remains more profitable than rebar, Kallanish notes.
In Shanghai, 20mm HRB400 rebar was trading at CNY 3,040-3,090/tonne ($441-448/t) on Friday, up CNY 140/t week-on-week. 5.5x1,500mm Q235B HRC meanwhile was trading up CNY 40/t at C…
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Anonymous
Very good overview of the weekly steel market.
Anonymous