HRC Shipments From China Are Expected To Increase in September.

on August, the trade volume of hot-rolled coil (HRC) on the Chinese market was at its lowest since June. However, as a result of the Chinese government's recent support of optimistic policies, HRC futures prices have gradually increased.

Market participants said that there was excess inventory in some places, and that the increase in spot prices lags behind the increase in futures prices.

According to statistics, the total HRC output of China's major steel mills in August was roughly 21.7 million tons, a 1.85% increase over the previous month.

There are no fresh output reduction plans in the near future. As September approached, market prices and production costs rose, and mill earnings were surely squeezed.

In terms of exports, the volume of HRC exported grew dramatically from August to September.

HRC export volume increased dramatically from August to September in terms of volume. Actual volume increased by 37.2% year on year in August, whereas anticipated volume increased by 25.39% year on year in September.

As a result, HRC export growth in the last two months has shared stock pressure in the domestic market, and prices in September were predicted to fluctuate continuously.