22
Jul
13:11
Chinese domestic, export HRC markets diverge
Chinese domestic hot rolled coil prices rose gradually thanks to support from futures markets and merchants last week. The export market was however still looking in vain for hope amid sluggish demand, resulting in a slight decline in offers, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 3,790-3,820/tonne ($560-564/t), down CNY 200/t week-on-week. On the Shanghai Futures Exchange, meanwhile…
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