During the given week, rebar and wire rod prices have moved on a rising trend, exerting a positive impact on the local HRC market. After previous declines, traders have been seeking to increase their offer prices of HRC. At the same time, the small improvement in demand has been another factor influencing the trend of local HRC prices. However, demand is unlikely to increase significantly due to the hot summer weather and so the rebound in prices is expected to be limited. It is thought that HRC prices will likely move on a rising trend with some fluctuations in the coming week.
Product Name |
Spec. |
Category |
City |
Steel Plant/Origin |
Price (RMB/mt) |
Price ($/mt) |
Weekly Change (RMB/mt) |
Medium HRC |
5.75 mm x 1,500 mm x C |
Q235B/SS400 |
Shanghai |
Tangshan Steel |
2,000 |
322 |
↑10 |
Tianjin |
Tangshan Steel |
2,110 |
340 |
↑50 |
|||
Lecong |
Liuzhou Steel |
2,260 |
364 |
↑130 |
|||
Average |
- |
2,123 |
342 |
↑63 |
|||
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q235B |
Shanghai |
Tangshan Steel |
2,290 |
369 |
0 |
Tianjin |
Tangshan Steel |
2,240 |
361 |
↑60 |
|||
Lecong |
Lianyuan Steel |
2,410 |
388 |
↑100 |
|||
Average |
- |
2,313 |
373 |
↑53 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.21