Steel HRC (SHFE) Prices

15-04-2026 - Over the past month, the price of Steel Hot-Rolled Coil (HRC) on the Shanghai Futures Exchange (SHFE) has seen a slight decrease, moving from 3,285.0 CNY/t to 3,252.0 CNY/t. This reflects a modest downward trend in the raw materials market. The forecast for Steel HRC on the SHFE predicts a further decline to 3,226.0 CNY/t, down from the current price of 3,252.0 CNY/t, indicating a -0.8% change. This suggests a generally stable trend with a slight downward risk in raw material pricing.

The forecast highlights significant downward pressure on raw material prices, primarily influenced by Flows data, which has a -18.0 CNY/t impact. Additionally, Seaborne Imports & Exports contribute a -26.0 CNY/t effect, while Exchange Rates add 8.0 CNY/t, with all data types supporting this trend.

However, recent analyses show that the SHFE Steel HRC market is experiencing upward price trends, which contrasts with the forecasted decline to 3,226.0 CNY/t in the coming month. For example, a report from Trading Economics notes that as of April 10, 2026, HRC Steel prices rose to $1,085.05 per ton, marking a 3.24% increase over the past month and a 15.68% rise compared to the same time last year. This upward trend suggests a differing perspective from external sources regarding the expected price movement in the SHFE Steel HRC market.