12
Aug
16:20
Chinese HRC struggles to climb on stagnant demand
Chinese domestic hot rolled coil demand is still showing only limited improvement and overseas demand in major consumers such as Vietnam remains sluggish, meaning Chinese HRC prices are struggling to climb. But futures boosted domestic spot markets slowly last week, Kallanish reports.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235 HRC was traded at around CNY 4,050-4,080/tonne ($601-605/t), up CNY 55/t week-on-week. On the Shanghai Futures Exchange, meanwh…
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Anonymous
Very good overview of the weekly steel market.
Anonymous