Chinese HRC prices may go weak in end-Oct
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Update time : 2020-10-27 16:14:31
Last week China's hot-rolled coil price slightly increased by 1.34% due to the following two reasons.
Firstly, at the beginning of the week, coil prices climbed up with fluctuation. Meanwhile, limited production measures were taken for environmental protection, as well as factory maintenance activities in the Tangshan region also sustain the price increase.
Secondly, although the iron ore price dropped during the week, the coke price rose instead, which maintained the support from the cost side.
Currently, demand in the market remained stable, while the production of HRC continued to increase. Therefore, it was predicted that at the end of this month, Chinese HRC prices might possibly go weak.
