06
May
13:21
Financial markets panic drags down Chinese HRC
Global market panic following the US Federal Reserve's recent interest rate hike hit China's hot rolled coil futures prices on Friday, despite Chinese government stimulus policy temporarily supporting market confidence. Related CNY depreciation meanwhile hit export markets. Domestic spot market demand still varied widely across the country, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,000-5,030…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous