Local Chinese HRC prices move closer to bottom levels

Tuesday, 28 July 2015 17:27:37 (GMT+3)   |   Shanghai
       

In the week ending July 28, average hot rolled coil (HRC) prices in the Chinese domestic market have continued the declining trend, while transaction activity in the overall market has remained slack. Average HRC prices in the local Chinese market are presented in the following table.

Although increases in domestic semi-finished steel prices have provided some support for finished steel prices, the slowdown in transaction activity due to the influence of hot weather conditions has caused HRC traders to lower their sales prices in the past week. However, it seems that HRC prices have now moved close to bottom levels. It is expected that HRC prices in the Chinese domestic market will fluctuate within a limited range at low levels in the coming week. 
 

Product Name

Spec.

Category

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

Tangshan Steel

1,990

320

70

Tianjin

Tangshan Steel

2,060

332

40

Lecong

Liuzhou Steel

2,130

343

10

Average

-

2,060

332

40

Thin HRC

2.75 mm x 1.,250 mm x C

Q235B

Shanghai

Tangshan Steel

2,290

369

80

Tianjin

Tangshan Steel

2,180

351

0

Lecong

Lianyuan Steel

2,310

372

20

Average

-

2,260

364

33

 
17 percent VAT is included in all prices and all prices are ex-warehouse.
 
$1 = RMB 6.21


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