HRC Futures Prices Gain 0.34% on Feb 14 

SHANGHAI, Feb 15 (SMM) - HRC futures prices fluctuated within a wide range yesterday and gained 0.34%. Spot transactions in Shanghai and Lecong markets were acceptable. In the afternoon, as the futures prices rose, the spot transactions improved.

HRC supply rose slightly, and the demand is recovering steadily. In the short term, the better fundamentals of HRC are expected to drive HRC prices further upward amid favourable macro policies and relatively stable costs.