Steel HRC (SHFE) Prices

29-01-2026 - Over the past month, the price of Steel HRC on the Shanghai Futures Exchange (SHFE) has seen a slight decrease, moving from 3291.0 CNY/t to 3270.0 CNY/t. This modest drop suggests potential changes in supply and demand dynamics affecting the market value of this raw material. Looking ahead, the forecast anticipates a minor increase in Steel HRC prices to 3310.0 CNY/t, representing a 1.2% rise from the current level. This indicates a generally stable trend with minimal risk, as the price change remains modest.

The forecast also highlights a significant downward price impact of -33.0 CNY/t due to factors such as Seaborne Imports & Exports. However, upward pressure from demand and technical data presents mixed signals for raw material prices. In addition, recent analyses suggest that China's hot-rolled coil (HRC) prices are expected to rise slightly in 2026. According to a report by Mysteel Global, new downstream production facilities requiring hot coils as substrates are anticipated to be commissioned, which will absorb more HRC supply. A Shanghai-based analyst noted that these new production lines are expected to consume around 10 million tonnes of HRC. This development points to a potential strengthening in China's average HRC prices in the coming year, supporting the forecasted upward trend in SHFE Steel HRC prices.