Jiangsu Province-based Shagang Group, China’s largest private steelmaker, has issued its list prices for hot rolled coil (HRC) for April this year.
Accordingly, the company has kept its offer prices for Q235 5.5 mm x 1,500 mm HRC stable at RMB 4,600/mt ($670/mt) ex-works.
In March, the producer had raised its offer prices for Q235 5.5 mm x 1,500 mm HRC by RMB 100/mt ($14.6/mt) to RMB 4,600/mt ex-works.
HRC futures prices at Shanghai Futures Exchange declined by RMB 12/mt ($1.75/mt) or 0.3 percent during the month of March.
As for April, the demand for HRC will improve in the traditional peak season for business, which will exert a positive impact on HRC prices.