Local Chinese HRC prices soften week on week

Tuesday, 19 February 2019 15:20:20 (GMT+3)   |   Shanghai
       

As of February 19, average hot rolled coil (HRC) prices in the Chinese domestic market have softened on week-on-week basis, while activity in the market has improved, though still at low-to-medium levels. Average HRC prices in the local Chinese market are presented in the following

During the given week, domestic HRC prices first declined, but started to move back up later, though average prices are still lower compared to one week ago. Demand from downstream users has improved a little as buyers have been gradually returning to the market after the holiday. Today, February 19, is the Lantern Festival holiday in China, and is regarded as the end of the Chinese New Year holiday season, and so demand is expected to improve in the near future. However, rainy weather conditions are foreseen to continue in southern and eastern China, which will negatively impact the HRC market. It is thought that HRC prices in the Chinese domestic market will likely rise slightly 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

3,750

553

↓80

Tianjin

Ansteel

3,740

552

↓70

Lecong

Liuzhou Steel

3,790

559

↓40

Average

-

3,760

555

↓63

Thin HRC

2.75 mm x 1.,250 mm x C

Q23 5B

Shanghai

Ansteel

3,860

569

↓60

Tianjin

Tangshan Steel

3,870

571

↓40

Lecong

Lianyuan Steel

3,890

574

↓40

Average

-

3,873

571

↓47

16 percent VAT is included in all prices and all prices are ex-warehouse.

$1 = RMB 6.78


Similar articles

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

US sheet prices tick up modestly ahead of Easter weekend

28 Mar | Flats and Slab

European HRC prices keep falling, demand still shows signs of fatigue

28 Mar | Flats and Slab

Vietnam’s Hoa Phat and Formosa seek AD investigation on Chinese HRC

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

UAE’s HRC market still sluggish, offers from India fall slightly

27 Mar | Flats and Slab

Import HRC prices in Vietnam retreat again due to slump in China

27 Mar | Flats and Slab

Vietnam’s Hoa Phat produces nine millionth mt of HRC

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

HRC consumption in Mexico up 30.6 percent in January

26 Mar | Steel News