Chinese HRC prices continue to rise on lower inventory, higher exw prices

Apr 10, 2012 | 06:02 AM |

Chinese domestic prices for hot rolled coil (HRC) rose further this week due to a large reduction in inventory and price increases by steel producers. In Shanghai, commercial-grade HRC of 4.5-12mm thickness was changing hands at 4,330-4,340 yuan ($684-686) per tonne on Monday April 9, including 17% VAT, up by 20....

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