At present, HRC traders in China are mostly maintaining a wait-and-see strategy. Due to the tight availability of HRC supplies, spot prices of HRC products have remained at relatively high levels despite the recent downticks. Meanwhile, domestic prices of thick HRC specifications are characterized by greater stability and are currently in the range of RMB 3,900-3,940/mt ($621-627/mt). Traders are still generally cautious. It is thought that domestic HRC prices in China will likely trend sideways in the coming week.
Chinese HRC market moves on downtrend, traders cautious
During the week ending December 4, hot rolled coil (HRC) prices in the Chinese domestic market have continued to decline. Average HRC prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Marketplace Offers
Hot Rolled Coil
Thickness
2 mm
Width
1,500 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,200 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,000 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.