HRC Futures Heat Up, but Actual Transactions Struggle to Show Significant Improvement

Published: Feb 25, 2026 17:58

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HRC prices fluctuated upward today, with the most-traded contract settling at 3,236 yuan/mt at the close, up 1.19% intraday. In the spot market, HRC offers in major cities nationwide rose by 10-30 yuan/mt, though trading activity remained moderate, while cold-rolled and galvanized prices held steady. Intraday market rumors circulated frequently: some steel mills received notices requiring voluntary emission reductions during the Two Sessions period from March 4 to 11 (blast furnace output cut by 30%), with mills asked to submit their own plans; simultaneously, rumors emerged about relaxation of Shanghai property policies. Driven by multiple news factors, futures saw significant gains, and market trading sentiment improved accordingly.

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