Chinese HRC prices rebound after the previous day’s drop

Chinese hot-rolled coil prices moved higher on Tuesday March 7, recovering from Monday’s drop, with market participants still digesting the nation’s government work report and economic targets for 2023.

Domestic
Fastmarkets’ price assessment for steel hot-rolled coil domestic, ex-whs Eastern China (Shanghai) was 4,370-4,390 yuan ($631-634) per tonne on Tuesday, up by 40 yuan per tonne on Monday.
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Published

Zihuan Pan

March 07, 2023

09:33 GMT

Shanghai