During the given week, since prices of semi-finished steel and long products have been moving on a rising trend, local HRC traders have become more optimistic regarding the future prospects for the market. Meanwhile, HRC futures prices have indicated a sharp rising trend, providing support for HRC prices in the spot market. At the same time, strict environmental protection measures have forced more HRC producers to carry out maintenance work. Currently, market participants are not in a rush to sell given the uptrend of prices. It is expected that HRC prices in the Chinese domestic market will continue their rising trend in the coming week.
Increased optimism in local Chinese HRC market
During the week ending March 24, average hot rolled coil (HRC) prices in the Chinese domestic market have indicated significant rises, while overall transaction activity in the market has been better than in the previous week, though still remaining on the slack side. 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.