HRC Price Outlook

Published: Mar 1, 2023 11:49

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HRC supply fell due to the steel mills' maintenance and is expected to drop further.

SHANGHAI, Mar 1 (SMM)－HRC supply fell due to the steel mills' maintenance and is expected to drop further. Iron ore prices fluctuated with some drops, but coke prices are expected to grow, which firmly supports the HRC costs and limits the downward space of HRC prices. On the whole, as the follow-up demand enters the verification period, the prices of HRC will continue to fluctuate in a wide range.

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