24
Jun
09:19
Chinese HRC dips further amid sluggish demand
Chinese hot rolled coil saw another week of declines, beset by overall panic, weak demand and collapsing costs. There are still no signs of recovery in the export market either, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,340-4,370/tonne ($648-653/t), down CNY 240/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded October 2022 contract for HRC lost CNY 34/t from Thursday and CNY 202/t …
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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