In the given week, HRC prices have continued to trend up on the back of positive developments such as the approval by China's Ministry of Industry and Information Technology (MIIT) of many new infrastructure projects and the announcement of the third round of quantitative easing by the US Federal Reserve. However, some market insiders are not so positive as regards the current improvement, stating that demand for HRC in China has not yet been released to the expected extent. At present, market transactions are mainly based on replenishing activity.
For the near future, prices of HRC products in China are expected to fluctuate in an upward direction.