Some Chinese HRC sellers cut prices to improve cash flow

Some sellers of steel hot-rolled coil in China reduced their prices on Wednesday December 27 in the hope of securing higher sales volumes, but others kept their prices steady on support from low inventories, sources told Fastmarkets.

Domestic

Fastmarkets’ price assessment for steel hot-rolled coil domestic, ex-whs Eastern China (Shanghai) was 4,060-4,080 yuan ($568-571) per tonne on Wednesday, widened downward by 10 yuan per tonne from 4,070-4,080...

Published

Jessica Zong

December 27, 2023

10:00 GMT

Shanghai