During the week ending April 24, average hot rolled coil (HRC) prices in the Chinese domestic market have moved up, while activity in the market has improved and is now at medium levels. Average HRC prices in the local Chinese market are presented in the following table.
During the given week, ferrous metal futures prices in China have increased, exerting a positive impact on HRC prices in the domestic spot market. Currently, inventories in the HRC market are at relatively low levels and semi-finished steel prices are on a rising trend, providing support for the upward movement of HRC prices. It is thought that HRC prices in the Chinese domestic market will likely increase further in the coming week.
Product Name |
Spec. |
Quality |
City |
Steel Plant/Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Medium HRC |
5.75 mm x 1,500 mm x C |
Q235B/SS400 |
Shanghai |
Ansteel |
4,080 |
647 |
↑140 |
Tianjin |
Ansteel |
4,010 |
635 |
↑110 |
|||
Lecong |
Liuzhou Steel |
4,080 |
647 |
↑180 |
|||
Average |
- |
4,057 |
643 |
↑143 |
|||
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q235B |
Shanghai |
Ansteel |
4,350 |
689 |
↑40 |
Tianjin |
Tangshan Steel |
4,210 |
667 |
↑120 |
|||
Lecong |
Lianyuan Steel |
4,250 |
674 |
↑290 |
|||
Average |
- |
4,270 |
677 |
↑150 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.31