Chinese HRC prices extend decline in absence of stimuli

Spot prices for Chinese hot-rolled coil continued to edge down on Tuesday December 5, due to an absence of fresh stimulus measures from the country's government and a halting of gains in futures prices for raw materials, sources told Fastmarkets.

Domestic

Fastmarkets’ price assessment for steel hot-rolled coil domestic, ex-whs Eastern China (Shanghai) was 3,950-3,960 yuan ($554-555) per tonne on Tuesday, down by 10 yuan per tonne from 3,960-3,970 yuan...

Published

Zihuan Pan

December 05, 2023

10:43 GMT

Shanghai