During the week ending December 17, Chinese domestic hot rolled coil (HRC) prices have been characterized by slight upticks. Average HRC prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Overall demand and transaction activity in the Chinese HRC market has improved in the past week. Meanwhile, new arrivals of hot rolled products such as 1,500 mm coils have eased supply shortages and are expected to restrict the upward movement of prices. However, shortages of other materials such as 1,800 mm hot rolled continue to be observed. As regards the coming week, it is thought that Chinese domestic HRC prices will probably move on a slightly upward trend.