Jiangsu Province-based Shagang Group, China’s largest private steelmaker, has issued its list prices for hot rolled coil (HRC) for March this year.
Accordingly, the company has raised its offer price for Q235 5.5 mm x 1,500 mm HRC by RMB 100/mt ($15.9/mt) to RMB 5,200/mt ($825.4/mt) ex-works.
In February, the producer had increased its offer price for Q235 5.5 mm x 1,500 mm HRC by RMB 150/mt ($23.8/mt) to RMB 5,100/mt ex-works.
HRC futures prices at Shanghai Futures Exchange declined by RMB 28/mt ($4.4/mt) or 0.56 percent in the February 7-28 period.
As for March, demand for HRC in China will improve in the traditional peak season, which will positively affect HRC prices.
