MONTHLY: China's HRC price may see limited decline in December

Hot-rolled coil (HRC) prices in China are expected to decrease this month as domestic demand for the coils wanes, Mysteel's latest monthly report on the flat product suggests. The price drop is likely to be limited, though, thanks to the resilience of overseas HRC demand, it says.

During November, supply and demand for HRC were relatively strong compared with fundamentals for other carbon steel items such as construction steel. However, the flat segment wasn't totally immune from the pressure the usual winter slowdown in steel demand is exerting on the broader ferrous market, the report notes. Last month,