During the week ending July 2, average hot rolled coil (HRC) prices in the Chinese domestic market have edged upwards, while activity in the market has been at low-to-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, while the production cuts in Tangshan have provided support for semi-finished steel prices, with these factors positively affecting domestic HRC prices in China. Currently, sentiment in the market is positive, though demand from downstream users has not shown any improvement and remains slack. It is expected that HRC prices in the Chinese domestic market will move on a fluctuating trend 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 |
3,920 |
570 |
↑10 |
Tianjin |
Ansteel |
3,920 |
570 |
↑60 |
|||
Lecong |
Liuzhou Steel |
4,030 |
586 |
↑40 |
|||
Average |
- |
3,957 |
575 |
↑37 |
|||
Thin HRC |
2.75 mm x 1,250 mm x C |
Q23 5B |
Shanghai |
Ansteel |
4,030 |
586 |
↑20 |
Tianjin |
Tangshan Steel |
3,940 |
573 |
↑50 |
|||
Lecong |
Lianyuan Steel |
4,110 |
597 |
↑40 |
|||
Average |
- |
4,027 |
585 |
↑37 |
13 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.88
