Chinese HRC prices rise to four-month high on rekindled stimulus hopes

Chinese hot-rolled coil prices extended their gains, hitting a four-month high on Thursday December 7, thanks to the sustained support from raw materials costs and the resurgence of expectations for big stimulus measures, sources told Fastmarkets.

Domestic

Fastmarkets’ price assessment for steel hot-rolled coil domestic, ex-whs Eastern China (Shanghai) was 4,020-4,030 yuan ($562-563) per tonne on Thursday, up by 50 yuan per tonne from 3,970-3,980 yuan...

Published

Zihuan Pan

December 07, 2023

10:05 GMT

Shanghai