Reportedly, the prices of hot rolled coil (HRC) have remained unstable in Shanghai market in March. Today, the HRC prices have dropped slightly by RMB20~RMB30/ton.
It’s said that as buyers were waiting for Shangang’s price release for April delivery, they’ve taken wait-and-see attitude towards market.
It’s predicted that the HRC prices would run the correction in Shanghai market in the short-term.
News Date 4/1/2011 9:09:53 AM reported by Kan Li
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