China HRC prices continue to fall amid lingering bearishness

Spot prices for hot-rolled coil in China continued to drop on Monday May 9, after futures prices for the flat steel product slipped to their lowest level in more than two months amid lingering bearishness in the market.

Domestic
Eastern China (Shanghai): 4,800-4,820 yuan ($714-717) per tonne, down by 150-160 yuan per tonne

The most-traded HRC futures contract on the Shanghai Futures Exchange fell to 4,725...

Published

Zihuan Pan

May 09, 2022

10:16 GMT

Shanghai