14
Jun
09:34
Chinese HRC slides further on falling consumption
Chinese hot rolled coil prices slid further last week due to sluggish demand, despite strong raw materials pushing prices up over Thursday-Friday, Kallanish notes.
In Shanghai on Friday afternoon, 5.5x1,500mm Q235B HRC was traded at around CNY 3,780-3,800/tonne ($521-524/t), down CNY 20/t on-week. On the Shanghai Futures Exchange, the most-traded October 2024 contract for HRC gained CNY 18/t from Thursday but lost CNY 7/t on-week to Cā¦
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Anonymous
Very good overview of the weekly steel market.
Anonymous