China's hot-rolled coil market to stay strong in Q3

摘要

China's domestic hot-rolled coil prices have resumed their upward trek since the start of July, after the short pause in late June, despite soaring production compared with a year ago. Several market sources expect prices to extend their uptrend into August, attributing the strength in the HRC market to improving demand, speculative purchases, and the rising cost of iron ore at steel mills.