Chinese HRC prices widen down after release of dismal PMI data

China’s domestic hot-rolled coil price widened down on Wednesday May 31, after the latest economic indicators pointed to continued weakness in demand.

Domestic

Fastmarkets’ price assessment for steel hot-rolled coil domestic, ex-whs Eastern China (Shanghai) was 3,730-3,750 yuan ($525-528) per tonne on Wednesday, widening down from 3,740-3,750 yuan per tonne on Tuesday....

Published

Zihuan Pan

May 31, 2023

09:23 GMT

Shanghai