Tag: China: HRC price at 16-month low on subdued demand

The price of carbon steel hot-rolled coil (HRC) price in China’s physical market under Mysteel’s assessment reached a 16-month low last week, mainly due to sluggish demand from end-users and bearish market sentiment, market sources shared. The price of Q235 4.75mm HRC plunged by Yuan 235/tonne ($35.2/t) on week to a 16-month low of Yuan…