In the week ending July 21, average hot rolled coil (HRC) prices in the Chinese domestic market have seen significant rises, while transaction activity in the overall market has been better than previous week, now at decent levels. Average HRC prices in the local Chinese market are presented in the table below.
During the given week, semi-finished steel prices have indicated a rising trend, stimulating finished steel prices to move up and causing HRC prices to move upwards. After previous continuous declines, traders and steelmakers have been eager to increase their offer prices. Meanwhile, transaction activities have shown improvement as market participants' sentiment improved. It is expected that HRC prices will see a slight rising trend 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 |
2,060 |
332 |
↑80 |
Tianjin |
Tangshan Steel |
2,100 |
338 |
↑80 |
|||
Lecong |
Liuzhou Steel |
2,140 |
345 |
↑60 |
|||
Average |
- |
2,100 |
338 |
↑73 |
|||
Thin HRC |
2.75 mm x 1.,250 mm x C |
Q235B |
Shanghai |
Tangshan Steel |
2,370 |
382 |
↑90 |
Tianjin |
Tangshan Steel |
2,180 |
351 |
↑60 |
|||
Lecong |
Lianyuan Steel |
2,330 |
375 |
↑50 |
|||
Average |
- |
2,293 |
369 |
↑67 |
17 percent VAT is included in all prices and all prices are ex-warehouse.
$1 = RMB 6.21