09
Sep
12:10
Chinese steel prices fluctuate ahead of uncertain week
Chinese spot steel prices ended the week on an upward curve but had yet to recover the losses seen over Wednesday-Thursday. With holidays approaching, traders are uncertain as to the direction of the market and have lost some of their earlier confidence, Kallanish notes.
Spot HRB400 20mm rebar in Shanghai was trading at CNY 2,290-2,340/tonne ($344-351/t) on Friday, down CNY 20/t week-on-week. 5.5x1,500mm Q235B hot rolled coil meanwhile was down CNY 65/t at CNY 2…
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Anonymous
Very good overview of the weekly steel market.
Anonymous