Chinese HRC prices fall for sixth day, tumbling to 1.5-year low

China’s domestic spot hot-rolled coil prices fell sharply to a one-and-a-half year low on Monday June 20, with ferrous futures tumbling across the board amid the prevailing pessimism, sources told Fastmarkets.

Domestic
Eastern China (Shanghai): 4,260-4,280 yuan ($637-640) per tonne, down by 300-320 yuan per tonne
Eastern China spot prices have not been this low since December 2020.

The...

Published

Zihuan Pan

June 20, 2022

10:02 GMT

Shanghai