Steel HRC (SHFE) Prices

09-12-2025 - Over the past month, the price of Steel HRC on the Shanghai Futures Exchange (SHFE) has experienced minimal fluctuation, with a slight decrease from 3276.0 CNY/t to 3273.0 CNY/t. This stability indicates a balanced demand and supply in the raw material market. The forecast for Steel HRC on the SHFE predicts a modest increase to 3292.0 CNY/t, up by 19.0 CNY/t or 0.6% from the current price of 3273.0 CNY/t, suggesting a generally flat trend with minimal risk due to the small price change.

The current forecast points to downward price pressure on raw materials, primarily influenced by Flows data, which has a -55.0 CNY/t impact. Key factors include Seaborne Imports & Exports and Exchange Rates. Although Technical data indicates upward pressure, Demand and Flows data suggest otherwise.

According to a report by BigMint, Chinese hot-rolled coil (HRC) export offers remained stable month-over-month at $464 per ton FOB in November 2025. This stability is attributed to higher raw material costs, which have kept prices firm despite limited demand. The report also noted a slight improvement in demand from Middle East buyers. Additionally, the outlook suggests that Chinese steel prices are expected to recover in December due to a decline in steel inventories and production. This anticipated recovery supports the forecasted upward trend in SHFE Steel HRC prices.