Since March, overseas slab prices have fluctuated upwards, and the CIS and South American slab quotations have risen by about US$100/ton,Previously, the CIS slab price was about US$625/ton FOB.

According to Mysteel, the production cost of HRC in Europe has increased by about 40% month-on-month due to the shortage of supply in Russia. After the new round of adjustment of EU steel import quota, Turkey has doubled its HRC export quota from the previous quarter to 430,250 tons.

It is expected that the price of HRC in China will drop slightly in the near future. The PMI of the Bureau of Statistics in March shows that the domestic and foreign demand in China's manufacturing industry has weakened at the same time.