31
Aug
10:43
Chinese HRC shows up down but not out
Chinese hot rolled coil prices followed futures prices lower last week. Tighter inventories and a higher manufacturing purchasing managers' index (PMI) means traders expect a firm market going forward however, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was trading at CNY 4,380-4,390/tonne ($641-642/t), down CNY 40/t week-on-week. On the Shanghai Futures Exchange the January 2019 HRC contract closed CNY 82/t lower than Thursda…
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Anonymous
Very good overview of the weekly steel market.
Anonymous