According to SteelHome survey, HRC prices generally decrease by 10 yuan/t in Shanghai market. The transactions were comparatively weak on last Friday and the transacting prices were lowered. Today, the procurement is sparse. Downstream and end users mainly hold wait-and-see attitudes towards the market development. Some traders mainly focus on selling to ease its pressure on fund and inventory. SteelHome predicts that HRC market prices will continue to decline amid fluctuation.
Related link: Market price of Shanghai HR Coil on Jul 27,20(new)
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