Chinese HRC prices rise on growing optimism over recovery in demand

Chinese hot-rolled coil prices rose in both the domestic and export markets on Tuesday February 21, after HRC futures prices hit a seven-month high amid growing expectations of a strong pick-up in demand in March.

Domestic
Eastern China (Shanghai): 4,290-4,320 yuan ($624-629) per tonne, up by 40-60 yuan per tonne

The most-traded May HRC futures contract on the Shanghai Futures Exchange rose for...

Published

Zihuan Pan

February 21, 2023

10:33 GMT

Shanghai