Near-term outlook on China's steel products
Release Time：
2025-04-10
Source：
Hot-rolled coil: This price is expected to continuously fluctuate in the week through April 18. Although market pressure has eased to some extent on slow arrivals of HRC supplies and improved trading in the spot market, many market participants still hold a wait-and-see stance towards the market outlook.
Cold-rolled coil: This price is projected to be largely stable during the week ending April 18, with CRC production remaining steady and end-users acting cautiously toward procurement.
Medium plate: This price is estimated to see mild volatility during April 14-18. A source in North China notes slow progress in local infrastructure projects and lackluster orders from the manufacturing sector. Most market traders are bearish about the market direction in the short run amid uncertainties.
Sections: The prices of steel sections are forecast to rise slightly this week, propped up by the gradual recovery in downstream demand as the weather becomes more pleasant, and resilient prices of steelmaking raw materials may also lend some support to section prices.
Related Information
