Currently, traders of HRC in China are inclined to increase their offer prices as they have confidence in the prospects for the market in the coming period. However, the price increases witnessed before the Spring Festival/Chinese New Year holiday have negatively impacted market demand, increasing uncertainty in the market. Nevertheless, it is thought that Chinese domestic HRC prices will move sideways in the coming week as steelmakers' increased ex-works prices provide support for HRC prices in the local market.
Increases in Chinese HRC market though activity remains slack
During the week ending February 19, hot rolled coil (HRC) prices in the Chinese domestic market have witnessed a rising trend. As of February 18, most traders are back in the market, though limited inquiries have been received as some downstream users are still on holiday. Transaction activity is currently fairly quiet in China's HRC market. 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.