Chinese HRC prices extend gains amid lingering stimulus expectations

Chinese hot-rolled coil prices marched higher on Friday December 8, with lingering expectations for more stimulus measures from Beijing continuing to be a tailwind, sources told Fastmarkets.

Domestic

Fastmarkets’ price assessment for steel hot-rolled coil domestic, ex-whs Eastern China (Shanghai) was 4,080-4,090 yuan ($570-571) per tonne on Friday, up by 60 yuan per tonne from 4,020-4,030 yuan...

Published

Zihuan Pan

December 08, 2023

10:10 GMT

Shanghai