Afternoon price plunge reverses morning gains in China's domestic HRC market

China’s domestic hot-rolled coil prices increased in the morning of Thursday March 23, but then dropped sharply in the afternoon following futures losses, ending the day’s prices lower than they were on Wednesday.

Domestic

Fastmarkets’ price assessment of steel hot-rolled coil domestic, ex-whs Eastern China (Shanghai) was 4,290-4,350 yuan ($623-632) per tonne, widened the range by 10-30 yuan per tonne at both ends...

Published

Jessica Zong

March 23, 2023

08:30 GMT

Shanghai