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China's HRC prices may increase slightly very soon

18 Feb 2020 15:42 reported by Andrew Zhang

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Last week, China's hot-rolled coil (HRC) market fell at the beginning, but soon to rebound.

The main reason was caused by the issue of logistics, high inventory of HRC, and lack of short-term market confidence in China.

Moreover, considered by the raw materials issue, both Brazil and Australia faced some weather crisis, which influenced the supply of iron ore, but expected to resume this week.

Due to the resuming of the working day in China, plus the supply issue seemed soon to be solved, the market expected the iron ore price would increase slightly recently.

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