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
SteelHome Express: Shanghai HRC Prices Dip According to SteelHome survey, HRC prices generally decrease by 10 yuan/t in Shanghai market. The transactions were comparatively weak on last Friday and the transacting prices were lowered. Today, the procurement is sparse. Downstream and end users mainly hold wait-and-see attitudes towards the market development. Some traders mainly focus on selling to ease its pressure on fund and inventory. SteelHome predicts that HRC market prices will continue to decline amid fluctuation. Related link: Market price of Shanghai HR Coil on Jul 27,20(new)
Coil slitting line: Coil width 800mm - 2000mm Coil thickness 0.2-12 mm Speed 20-120m/min Coil material: carbon steel, stainless steel, galvanized steel, low alloy steel, hr coil, cold coil. -
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