During the week ending December 24, Chinese domestic hot rolled coil (HRC) prices have mostly been characterized by slight upticks. Average HRC prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Amid a slight slowdown in demand and the arrivals of some new materials in the market, in the past week Chinese domestic HRC prices have increased at a slower rate compared to the previous week. On the other hand, production costs remain high, while some demand is still observed even though volumes are on the low side. As regards the coming week, it is thought that Chinese domestic HRC prices will move on a sideways trend unless some positive developments emerge.