Additionally, hot-rolled coil (HRC) prices fell during the week in China because of weak trading, which created market concerns about whether global flat steel prices would follow
, trading sources said.
Fastmarkets’ daily steel hot-rolled coil index, export, fob main port China
, was $687.24 per tonne on December 24, then fell to $653.25 per tonne on December 30 before rebounding to $658.70 per tonne on December 31.
HRC producers in Turkey were offering material for April production while cold-rolled coil (CRC) was on offer for late-February production at the earliest, trading sources said.
Many countries were on Christmas and New Year holidays last week, so activity was not very strong...