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Asian Hot Rolled Coil Prices Rise, Chinese quotes get a new high

With China's domestic steel prices continued to rise this week, hot rolled coil export prices rose 20 US dollars / ton last week, reaching 530 US dollars / ton (FOB), a record high in recent years.


hot rolled coil


Allegedly, overseas traders' order prices were about 520 US dollars / ton (FOB), cold rolled base to Vietnam, about 540 US dollars / ton (CFR). Traders generally believe that the current HRC prices are at a high level, worried that there is a certain risk.


Sino Sources reported, in mid-December last year, hot rolled coil export prices were close to 530 US dollars / ton, and then began to decline in the six months after the weak, in June this year, the prices began to rise slowly, this week rose more obvious, a 530 US dollars / ton.