28
Jun
07:15
Chinese spot HRC decline accelerates
In contrast to the trend of the previous week, China's hot rolled coil spot prices were falling at a faster rate than futures last week, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235B HRC was traded at around CNY 3,710-3,730/tonne ($511-513/t), down CNY 50/t on-week. On the Shanghai Futures Exchange, the most-traded October 2024 contract for HRC gained CNY 10/t from Thursday but lost CNY 8/t on-week to CNY 3,7…
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Anonymous
Very good overview of the weekly steel market.
Anonymous