Chinese prices for HRC may fall in late October

China's hot rolled coil price rose marginally by 1.34% last week for two reasons.

First, at the beginning of the week, coil prices fluctuated upward. Meanwhile, limited production measures were taken to protect the environment, and maintenance work on factories in the Tangshan region also helped drive up prices.

Second, although the price of iron ore fell during the week, the price of coke rose, supporting cost support.

Currently, market demand remains stable, while HRC production continues to grow. Thus, it was predicted that prices for the Chinese HRC may fall later this month.