Platts quoted the latest survey on domestic prices by the China Iron and Steel Association showed that China's hot-rolled coil prices fell over the first 10 days of February.
On February 10th both 3 mm thick and 4.75 mm HRC prices were mostly lower across 23 major cities, compared with February 1. HRC of 3 mm thickness saw an average fall of CNY 77 per tonne to CNY 4,090 tonne and 4.75 mm material averaged CNY 3,890 per tonne down CNY 104 per tonne.
Prices for the 3 mm HRC were, however, higher in Hefei and Kunming by CNY 50 per tonne to CNY 4,100 per tonne and CNY 4,150 per tonne respectively and by CNY 100 per tonne to CNY 4,350 per tonne in Lanzhou. Prices in Nanjing, Zhengzhou, Xian and Urumqi remained unchanged at CNY 4,150 per tonne, CNY 4,100 per tonne CNY 4,400 per tonne and CNY 4,240 per tonne respectively.
The largest fall was in Tianjin and Shijiazhuang where prices dropped CNY 250 per tonne each to CNY 3,750 per tonne and CNY 3,950 per tonne respectively. Price ranged between CNY 3,750 per tonne and CNY 4,440 per tonne across the 23 cities February 10 compared with CNY 3,930 per tonne to CNY 4,380 per tonne February 1st.
For the 4.75 mm material, prices were mostly weaker across 23 major Chinese cities, except in Kunming, Xian and Lanzhou. Prices in these cities gained CNY 50 per tonne to CNY 110 per tonne to CNY 4,100 per tonne, CNY 4,050 per tonne and CNY 4,060 per tonne respectively. Prices at Harbin and Urumqi held steady at CNY 3,850 per tonne and CNY 4,100 per tonne respectively. Tianjin saw the largest drop of CNY 300 per tonne at CNY 3,650 per tonne. Prices of 4.75 mm HRC were CNY 3,650 per tonne to CNY 4,100 per tonne as compared to CNY 3,820 per tonne to CNY 4,200 per tonne on February 1st
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