During the week ending April 14, average hot rolled coil (HRC) prices in the Chinese domestic market have indicated a soft trend, while overall transaction activity in the market has been on the low side. Average HRC prices in the local Chinese market can be viewed in the SteelOrbis price reports section.
During the given week, HRC traders have mostly been pessimistic on the future prospects for the market and have been reluctant to conclude transactions. HRC producers in northern China have started to maintain a wait-and-see stance, slowing down their deliveries. Meanwhile, major domestic steelmakers including Baosteel and Wuhan Iron and Steel Group have cut their HRC ex-works prices for May delivery by RMB 50/mt ($8/mt), exerting a negative impact on HRC market prices. It is expected that HRC prices in the Chinese domestic market will move on a slight downtrend in the coming week if demand does not improve.
Pessimism prevails in sluggish Chinese domestic HRC market
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.