China’s domestic HRC prices flat despite weak demand

China’s domestic hot-rolled coil prices halted their downtrend on Wednesday August 30 amid a more positive outlook among sellers, but buyers remained cautious and therefore had low appetite for the material.

Fastmarkets’ price assessment for steel hot-rolled coil domestic, ex-whs Eastern China (Shanghai), was 3,840-3,850 yuan ($528-529) per tonne on Wednesday, unchanged from Tuesday.

Tier-one city Guangzhou has...


Jessica Zong

August 30, 2023

10:36 GMT