Chinese HRC spot prices extend losses after futures slip to four-month low

Spot prices for hot-rolled coil prices in China extended their decline on Thursday May 19 after futures prices for the flat steel product slipped to a four-month low amid sustained concerns over demand.

Eastern China (Shanghai): 4,750-4,780 yuan ($702-706) per tonne, down by 20 yuan per tonne

The most-traded HRC contract on the Shanghai Futures Exchange slipped to a four-month...


Zihuan Pan

May 19, 2022

09:55 GMT