Chinese HRC prices fall before SHFE rebounds from 5-week low

Spot prices for hot-rolled coil prices dropped for both the domestic and exports markets on Friday March 24, after futures prices for the flat steel product fell to their lowest levels in five weeks during morning trading.


Fastmarkets’ price assessment of steel hot-rolled coil domestic, ex-whs Eastern China (Shanghai) was 4,280-4,300 yuan ($626-629) per tonne on Friday, down by 10-50 yuan per tonne on Thursday.


Zihuan Pan

March 24, 2023

09:40 GMT