HRC: Last week, domestic hot-rolled coil (HRC) prices continued to decline slightly. In major regions, prices in East and Central South China dropped by 10-60 yuan/ton, while North and Northeast China saw decreases of 10-30 yuan/ton.

Western regions also experienced a general slight decline. As of last Friday, the average prices of 2.75mm and 5.75mm HRC in 28 major cities nationwide were 3,519 yuan/ton and 3,432 yuan/ton, down 23 yuan/ton and 22 yuan/ton from the previous week, respectively.

According to SteelHome’s survey, last week’s HRC inventory stood at 4.54 million tons, down 20,000 tons from the previous survey but up 180,000 tons year-on-year.

 The average daily transaction volume was 15,100 tons, up 1.7% from the previous week but down 1.8% year-on-year. Anti-dumping measures imposed by multiple countries have significantly impacted HRC exports, but domestic demand is expected to recover gradually. Prices are likely to stabilize and rebound this week.