During the week ending January 29, average hot rolled coil (HRC) prices in the Chinese domestic market have edged up, while activity in the market has been at low levels. Average HRC prices in the local Chinese market are presented in the following table.
During the given week, Chinese HRC producers have increased their offer prices, which exerted a positive impact on the domestic HRC market. Since the Chinese New Year holiday (February 2-10) is approaching, transaction activities in the market have been quiet. It is expected that HRC prices in the Chinese domestic market will move sideways in the coming period.
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 |
3,750 |
557 |
↑40 |
Tianjin |
Ansteel |
3,740 |
556 |
↑90 |
|||
Lecong |
Liuzhou Steel |
3,780 |
562 |
0 |
|||
Average |
- |
3,757 |
558 |
↑43 |
|||
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q23 5B |
Shanghai |
Ansteel |
3,840 |
571 |
↑60 |
Tianjin |
Tangshan Steel |
3,840 |
571 |
↑60 |
|||
Lecong |
Lianyuan Steel |
3,880 |
577 |
0 |
|||
Average |
- |
3,853 |
573 |
↑40 |
16 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.73