In China, HRC prices started the week at USD 482/t and showed only limited fluctuations. Prices increased to USD 484/t on July 6 before decreasing to USD 483/t toward the end of the week, finishing the week with a slight increase. CRC prices followed a similar pattern, decreasing from USD 552/t at the beginning of the week to USD 548/t midweek. Prices recovered slightly during the final trading sessions and closed the week at USD 549/t. Galvanized steel prices started the week at USD 609/t and decreased to USD 606/t during the final two trading days. Meanwhile, Q235B steel plate prices decreased from USD 494/t to USD 493/t during the week before increasing to USD 496/t on the final trading day.
In South Korea, HRC prices followed an upward trend throughout the week. Prices stood at USD 627/t on July 3 and decreased to USD 625/t on July 6 before resuming their upward movement. HRC prices reached USD 638/t on July 8 before easing to USD 634/t on the final trading day. Overall, the market maintained its upward momentum despite a slight correction toward the end of the week.
In India, prices continued to move lower throughout the week. HRC prices gradually decreased from USD 611/t at the beginning of the week to USD 605/t by the end of the week. CRC prices followed a similar trend, starting at USD 692/t before decreasing during the second half of the week and closing at USD 684/t.
Overall, China's flat steel market remained relatively stable with only limited price movements, while South Korea maintained its upward HRC price trend. In contrast, weak demand continued to weigh on the Indian market, leading to price decreases. Looking ahead, demand conditions and competition in export markets are expected to remain the key factors influencing pricing across the region.
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