China’s domestic HRC prices continue uptrend following new automotive measures

Domestic hot-rolled coil prices in China maintained an upward trajectory on Friday July 21, drawing support from recently announced measures from the National Development and Reform Commission (NDRC) to shore up the country’s automotive sector.


Fastmarkets’ price assessment for steel hot-rolled coil domestic, ex-whs Eastern China (Shanghai) was 3,910-3,920 yuan ($544-546) per tonne on July 21, up by 10 yuan per tonne from 3,900-3,910...


Jessica Zong

July 21, 2023

12:07 GMT