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September 07, 2008


Chinese HR price forecast to increase further

It is reported that this week, domestic HR plate and coil market gained overall upsurge to a higher extent than that in last week. Prices in some particular market attained CNY150 per tonne rise.

According to the statistics from Steelhome on November 27th 2007, 2.75mm HR plate & coil and 5.75mm HR plate & coil prices averaged at CNY 4661 & CNY 4472 per tonne among 28 key domestic cities in China up by CNY 176 & 179 per tonne from October 26th 2007.