Tag: China: HRC prices fall to 2-years low on subdued buying increasing inventories

Chinese spot prices for carbon-steel hot-rolled coils reached a 2-year low last week, chiefly because of the gloomy sentiment prevailing in the market, according to market sources. For example, the price of Q235 4.75mm HRC under Mysteel’s assessment slumped by Yuan 505/tonne ($74.8/t) on week to Yuan 3,788/t including the 13% VAT as of July…