MONTHLY: China's HRC prices to stay weak in July, firm costs to limit downside

China’s hot-rolled coil (HRC) prices are expected to continue trending lower in the first half of this month, before regaining some ground later to end July generally below the June average, Mysteel’s monthly report on the commodity suggests.

After a strong start in June, domestic hot coil prices underwent a steady decline last month, as muted demand from manufacturers and other end-users at home – and poor sales of coils abroad – dragged HRC prices lower. At end-June, Mysteel assessed the national spot price of Q235B 4.75mm