06
Jan
12:22
Chinese HRC exports outperform domestic sales
A fortnight before the Chinese New Year, domestic hot rolled coil demand dropped rapidly because more and more end users began holidays and Covid outbreaks have affected economic activity. Exports however performed much better, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 hot rolled coil was traded at around CNY 4,170-4,190/tonne ($608-611/t), down just CNY 10/t week-on-week as traders extended discounts. On the Shanghai F…
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Anonymous
Very good overview of the weekly steel market.
Anonymous