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The HRC price of China is down after inventories surge

Time : 2021-01-04 Hits : 2021-01-04

The prices of hot-rolled steel coil (HRC) in China's physical market plunged last week amid a rebound in stocks, but the steel mills and traders are refusing further concessions on prices.
The national price of Q235 4.75mm HRC lost 173 Yuan/ton (27$/ton) from December 25th to December 31st. The declines were due to seasonal factors. In winter, stocks reverse up and demand retreats.

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