During the week ending April 11, average hot rolled coil (HRC) prices in the Chinese domestic market have decreased, while transaction activity in the overall market has been at low-to-medium levels. Average HRC prices in the local Chinese market are presented in the following table.
During the given week, domestic ferrous metal futures prices have declined, negatively impacting the trend of HRC prices in the Chinese domestic spot market. In addition, the overall downward trend seen in the domestic flat rolled steel market has influenced HRC market prices. Meanwhile, semi-finished steel prices in China have moved down significantly, exerting negative pressure on HRC prices. At present, market players are now mostly maintaining a wait-and-see stance against the backdrop of the overall soft trend in the steel market. It is thought that HRC prices in the Chinese domestic market will likely soften further in the coming week.
| Product Name | Spec. | Quality | City | Steel Plant/Origin | Price (RMB/mt) | Price ($/mt) | Weekly Change (RMB/mt) |
| Medium HRC | 5.75 mm x 1,500 mm x C | Q235B/SS400 | Shanghai | Ansteel | 3,190 | 462 | ↓120 |
| Tianjin | Ansteel | 3,120 | 452 | ↓210 | |||
| Lecong | Liuzhou Steel | 3,330 | 483 | ↓180 | |||
| Average | - | 3,213 | 466 | ↓170 | |||
| Thin HRC | 2.75 mm x 1.,250 mm x C | Q235B | Shanghai | Ansteel | 3,300 | 478 | ↓250 |
| Tianjin | Tangshan Steel | 3,220 | 467 | ↓200 | |||
| Lecong | Lianyuan Steel | 3,420 | 496 | ↓180 | |||
| Average | - | 3,313 | 480 | ↓210 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.90