Tag: China’s HRC prices to decline in June

Chinese prices of hot-rolled coil (HRC) are likely to fluctuate between Yuan 3,720-3,800/tonne ($513.4-524.5/t) this month, lower than the range tracked during May of Yuan 3,790-3,880/t, suggests Mysteel in its latest monthly report on the commodity. The contraction would result from the tepid demand for coils and high levels of both supply and stocks forecast…