During the week ending June 26, the Chinese domestic hot rolled coil (HRC) market has continued its soft trend, with transactions on the scarce side. Average prices of HRC in the main cities in China can be viewed in the SteelOrbis price reports section.
The Chinese HRC market continues to be influenced by negative factors, including the euro zone debt crisis. Meanwhile, amid soft demand following the Dragon Boat Festival holiday (June 22-24), traders have received few inquiries from customers. Towards the end of June, some traders are eager to improve their liquidity by negotiating for orders. In addition, as domestic steel mills have announced reduced prices, there is less support for market prices. At present, most traders are quite pessimistic on the prospects for the market in the coming period.
It is thought that the Chinese HRC market will probably continue to trend downward in the coming week.
Chinese HRC market still on soft trend, transactions scarce
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.