21
Jun
09:24
Chinese HRC keeps sliding as consumption weakens
Chinese hot rolled coil prices moved downward slowly last week, along with falling apparent consumption highlighted by inventory data, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235B HRC was traded at around CNY 3,760-3,780/tonne ($518-521/t), down CNY 20/t on-week. On the Shanghai Futures Exchange, the most-traded October 2024 contract for HRC lost CNY 23/t from Thursday and CNY 53/t on-week to CNY 3,753/t.
In Wu…
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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