Tag: China: HRC prices to decline in 2023

Prices of carbon-steel hot-rolled coil (HRC) in China will lose some ground in 2023, as the supply from mills will exceed demand from end-users, according to Mysteel’s newly published forecast for the product. The average price of Q235 4.75mm HRC during 2022 was assessed by Mysteel at Yuan 4,496/tonne ($661.2/t) including the 13% VAT. This…