15
Jul
11:56
Chinese steel prices firm as lending spikes
Chinese steel prices gained steadily last week on the back of low inventories and production restrictions in Tangshan. When momentum began to fade towards the end of the week, economic data, including a jump in loans, helped keep prices up on Friday, Kallanish notes.
Spot 20mm HRB400 rebar in Shanghai was trading at around CNY 2,160-2,220/tonne ($323-332/t) on Friday, up CNY 70/t from a week earlier. 5.5x1,500mm Q235B hot rolled coil meanwhile was up CNY 60/t at…
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Anonymous
Very good overview of the weekly steel market.
Anonymous