Monthly Report on China HRC Market for July 2020
Abstract

Domestic HRC market prices generally rose amid fluctuation in July. Both market and mill inventories went up. Trading volume slightly increased year on year. With the profitability, steel mills produced at its full capacity, but the products were still in shortage in some markets.

In July-end, some traders chiefly focused on selling due to the inventory and fund pressure. Heavy rainfalls in Southern China faded away in middle and late July, then the demand generally rose. Market sentiment was bullish.

SteelHome forecasts that HRC market prices will keep rising amid fluctuation in August.

Source: SteelHome