HRC Prices Moved Sideways during the Day, with Limited Short-Term Upside and Downside Room

Published: Jun 3, 2026 17:20

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HRC futures closed at 3,386 today, down 0.35% for the day. Spot side, spot prices of cold-rolled and hot-rolled coils fell 5-10 yuan/mt, with overall trading performance being mediocre.

In the short term, the upside room for sheets & plates prices is constrained by the domestic demand off-season and cooling exports, while downside cost support remains strong. Neither the upside nor downside window has opened, and sheets & plates prices are expected to move sideways within a price range in the short term.

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