During the given week, due to the downtrend in HRC futures prices and poor transaction activity in the spot market, many domestic HRC traders have decreased their offer prices, though some traders have kept their HRC offer prices unchanged at higher levels. Meanwhile, inventory levels of HRC have risen, affecting traders' confidence in the future prospects for the market. However, demand from downstream industries is expected to improve in the current month, which will provide some support for HRC prices in the spot market. It is expected that HRC prices in the Chinese domestic market will continue their slight downtrend in the coming week.
Rising inventory levels impact local Chinese HRC market
During the week ending March 10, average hot rolled coil (HRC) prices in the Chinese domestic market have generally indicated a slight declining trend, while overall transaction activity in the market has been 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.