During the week ending June 14, average hot rolled coil (HRC) prices in the Chinese domestic market have increased, while transaction activity in the overall market has been at low levels. Average HRC prices in the local Chinese market are presented in the following table.
During the given week, due to increases seen in HRC futures prices, HRC prices in the domestic spot market have edged up, while transaction activities have not recorded any significant improvement. Meanwhile, steel production restrictions as of June 14 in Tangshan due to environmental protection measures will exert a positive impact on the trend of HRC prices. It is thought that HRC prices in the Chinese domestic market will likely remain on a rising trend 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 |
2,540 |
387 |
↑30 |
Tianjin |
Tangshan Steel |
2,500 |
381 |
↑50 |
|||
Lecong |
Liuzhou Steel |
2,670 |
406 |
0 |
|||
Average |
- |
2,570 |
391 |
↓27 |
|||
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q235B |
Shanghai |
Tangshan Steel |
2,730 |
416 |
0 |
Tianjin |
Tangshan Steel |
2,610 |
397 |
0 |
|||
Lecong |
Lianyuan Steel |
2,850 |
434 |
0 |
|||
Average |
- |
2,730 |
416 |
0 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.59