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Chinese HRC prices wobble, output steady

Time : 2021-02-02 Hits : 2021-02-02

The prices of hot-rolled coil (HRC) in China’s physical market had been with modest volatility in the last week of January, and the spot trading slipped with the Chinese New Year (CNY) holiday coming closer, though the market sentiment has remained optimistic and output stayed stable, as the demand may revive faster than usual after the CNY, according to market sources.

As of January 29th, China’s price of Q235 4.75mm HRC recovered 9 Yuan/Ton (1.4 $/Ton) on week to 4,512Yuan/Ton including the 13% VAT, while “the actual trading softened further lately, as not only traders, but also the end-users have shown very little interest in stocking up any HRC,” 

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