15
Apr
13:12
Chinese HRC edges down to attract buyers
Hot rolled coil prices have edged down as domestic demand remains weak amid Covid-19-related blockades of numerous cities and transport routes, while export prices are also on a downward trend, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 5,200-5,220/tonne ($816-819/t), down CNY 75/t week-on-week. On the Shanghai Futures Exchange, meanwhile, the most-traded October 2022 contract for HRC gained CNY 38/t from Thursd…
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Anonymous
Very good overview of the weekly steel market.
Anonymous