During the given week, semi-finished steel prices in China have indicated a significant decline, while the HRC futures market has also seen sharp decreases, contributing to the declining trend in the HRC spot market in China. Meanwhile, due to the approach of the Spring Festival, market participants are cautious and are seeking to keep their inventories at relatively low levels, negatively affecting purchasing activity in the domestic HRC market. At the same time, as the export tax rebate on boron-added steel has been cancelled, Chinese steelmakers will increase their HRC supplies to their local market, and this is expected to exert downward pressure on the spot market. It is thought that HRC prices in the Chinese domestic market will continue their downtrend in the coming week.
Supplies to increase in local Chinese HRC market
During the week ending January 13, average hot rolled coil (HRC) prices in the Chinese domestic market have indicated a sharper decline compared to the previous week, while transaction activity in the market has remained poor. 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.