In the given week, semi-finished steel prices in Tangshan have increased, exerting a positive impact on HRC prices. However, after increasing their offer prices, traders' transaction activity has not shown any improvement. In order to stimulate sales, some traders have decreased their offer prices. Although current HRC inventory levels in the Chinese domestic market are not at high levels, demand in the market has remained sluggish. In this context, it is expected that HRC prices in the Chinese domestic market will again just indicate minor fluctuations in the coming week.
Minor fluctuations in local Chinese HRC market
During the week ending March 17, average hot rolled coil (HRC) prices in the Chinese domestic market have indicated small increases for thick specifications, while following a slight downtrend for thin specifications, with overall transaction activity in the market continuing to be slack. Average HRC prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
Marketplace Offers
Hot Rolled Coil
Thickness
2 mm
Width
1,500 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,200 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,000 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.