Chinese HRC prices continue to slide on lingering demand concerns

Chinese hot-rolled coil prices continued to decline on Thursday May 25, falling to their lowest level since early November 2022, with dismal industry data adding to market bearishness in the run-up to the seasonal lull in consumption.


Fastmarkets’ price assessment for steel hot-rolled coil domestic, ex-whs Eastern China (Shanghai) was 3,740-3,750 yuan ($529-530) per tonne on Thursday, down from 3,770-3,780 yuan per tonne on Wednesday May...


Zihuan Pan

May 25, 2023

09:36 GMT