Chinese HRC prices extend gains following RRR cut

Chinese hot-rolled coil prices continued to rise on Friday September 15, after market sentiment was boosted by the central bank’s decision to cut the reserve requirement ratio (RRR).


Fastmarkets’ price assessment for steel HRC domestic, ex-whs Eastern China (Shanghai), was 3,880-3,900 yuan ($533-536) per tonne on Friday, up by 20 yuan per tonne from 3,860-3,880 yuan per...


Zihuan Pan

September 15, 2023

10:38 GMT