Tag: China: HRCs have an edge over rebar this winter; spread may widen

Since late October 2022, the price difference between hot rolled coils (HRCs) and rebar futures contracts for January 2023 has risen from nil to around RMB 120/tonne (t), and the trend is continuing. Demand for rebar has declined significantly. As the weather continues to turn cold, demand will face further weakening. Thus, it is expected,…