Experts predicted that Chinese hot rolled steel prices may decline slightly in the near future based on weak export demand.
 

Since year of 2009, hot rolled steel prices have been inched up dramatically stemmed from effective government policies in stimulating domestic steel consumption, which is resulted in lost competencies in both domestic and world’s markets.
 

Compared with HRC from Russia, China’s HRC is quoted at USD550/ton, which is USD50/ton higher in prices. It can be seen that China’s HRC export market is stagnant at the moment.