Asian HRC prices fall amid iron ore price plunge, bearish China sentiment

Hot-rolled coil prices in Asia dropped during the week to Friday March 24 amid a sharp fall in upstream iron ore prices and growing bearish sentiment in China.

Offers of Chinese SAE1006-grade HRC have fallen to as low as $680 per tonne CFR Vietnam during the week, with other offers heard at $680-690 per tonne CFR Vietnam, mostly...


Paul Lim

March 24, 2023

11:40 GMT