Industry News

China’s HRC exports to improve in Sep

Views : 80
Update time : 2023-09-14 14:17:21
The trading volume of hot-rolled coil (HRC) in the Chinese market was poor in August and was the lowest level since June. However, due to the recent promotion of the Chinese government's bullish policies, HRC's futures prices have gradually increased.

Market participants said that there was excessive inventory in some areas, and the increase in spot prices lagged behind futures prices.

According to statistics, the total HRC output of China's major steel mills in August was around 21.7 million tons, a month-on-month increase of 1.85%.

There are still no new production reduction plans in the short term. Entering September, market prices and production costs increased, and the mills' profits were certainly compressed.

From the perspective of exports, HRC export volume increased significantly from August to September. The actual volume in August rose by 37.2% year on year, and the planned volume in September rose by 25.39% year on year.

Therefore, HRC export growth in the past two months has shared stock pressure in the domestic market, and it was expected that prices in September may fluctuate continuously.
Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices