28
Oct
12:52
Chinese steel prices strong as HRC optimism grows
Spot steel prices in Shanghai have continued to increase week-on-week but there is a growing divergence between rebar and hot rolled coil. While rebar traders reported low levels of trading, HRC traders hiked prices on Friday and halted trading as they expect further gains next week, Kallanish notes.
Shanghai spot 20mm HRB400 rebar was trading at CNY 2,440-2,490/tonne ($360-367/t) on Friday, up CNY 40/t from a week earlier. The mood among trader in the last days…
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Anonymous
Very good overview of the weekly steel market.
Anonymous