During the week ending January 24, average hot rolled coil (HRC) prices in the Chinese domestic market have moved on a stable trend, while transaction activity in the overall market has been at low levels. Average HRC prices in the local Chinese market are presented in the following table.
During the given week, average prices of HRC in the Chinese domestic market have moved on a stable trend, as downstream users have been exiting the market early ahead of the Chinese New Year holiday (January 27-February 2). It is expected that HRC prices in the Chinese domestic market will continue their stable trend in the coming week, while local HRC prices will likely indicate a rising trend after the holiday.
| 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 | 3,770 | 550 | 0 |
| Tianjin | Ansteel | 3,730 | 545 | 0 | |||
| Lecong | Liuzhou Steel | 3,820 | 558 | 0 | |||
| Average | - | 3,773 | 551 | 0 | |||
| Thin HRC | 2.75 mm x 1.,250 mm x C | Q235B | Shanghai | Ansteel | 3,870 | 565 | 0 |
| Tianjin | Tangshan Steel | 3,830 | 559 | 0 | |||
| Lecong | Lianyuan Steel | 3,900 | 569 | 0 | |||
| Average | - | 3,867 | 565 | 0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.85