CHINA HRC: Domestic market stabilizes on rebounding futures

China’s domestic prices for hot-rolled coil regained stability on Friday December 8 thanks to a rebound in the futures market after two days of massive drops.

Domestic
Eastern China (Shanghai): 4,220-4,250 yuan ($638-642) per tonne, unchanged
Northern China (Tianjin): 4,260-4,280 yuan per tonne, up 10 yuan per tonne

Spot prices stopped falling further in east China while those in the north even started to pick up after a weak couple of days. HRC futures experienced...

Published

Gladdy Chu

December 08, 2017

09:45 GMT

Shanghai