CHINA HRC: Domestic price rise weighs on export trading activity

China’s domestic prices for hot-rolled coil continued to trend upward as sentiment improved on Tuesday November 14 after the billet market strengthened further.

Domestic Eastern China (Shanghai): 4,130-4,160 yuan ($622-627) per tonne, narrowed upward by 10 yuan per tonne Northern China (Tianjin): 4,110-4,130 yuan per tonne, up 30 yuan per tonne Impending production restriction for the winter heating season that are set to kick in on Wednesday and a rapid price rise in the billet market collectively strengthened sentiment in China’s domestic steel market, sources said. Following gains in the paper market, spot prices picked up in the afternoon...

Published

Gladdy Chu

November 14, 2017

09:53 GMT

Shanghai