During the week ending July 5, average hot rolled coil (HRC) prices in the Chinese domestic market have indicated a rising trend, while transaction activity in the overall market has improved for low-priced products, but is still generally on the slack side. Average HRC prices in the local Chinese market are presented in the following table.
During the given week, supported by rising trends in semi-finished steel prices and ferrous metal product futures prices, HRC prices in the Chinese domestic market have indicated a rebounding trend. Amid the traditional offseason for downstream industry, most buyers are maintaining a wait-and-see stance. It is thought that HRC prices in the Chinese domestic market will likely move sideways in the coming week.
Product Name |
Spec. |
Category |
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 |
Tangshan Steel |
2,600 |
390 |
↑80 |
Tianjin |
Tangshan Steel |
2,520 |
378 |
↑30 |
|||
Lecong |
Liuzhou Steel |
2,650 |
397 |
↑80 |
|||
Average |
- |
2,590 |
388 |
↑63 |
|||
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q235B |
Shanghai |
Tangshan Steel |
2,700 |
405 |
↑30 |
Tianjin |
Tangshan Steel |
2,600 |
390 |
↑20 |
|||
Lecong |
Lianyuan Steel |
2,740 |
411 |
↑10 |
|||
Average |
- |
2,680 |
402 |
↑20 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.67