CHINA HRC: Domestic market picks up before the weekend

China’s domestic prices for hot-rolled coil rebounded on Friday December 22 after several days of drops after the paper market regained some strength.

Domestic
Eastern China (Shanghai): 4,300-4,330 yuan ($653-658) per tonne, up 30 yuan per tonne
Northern China (Tianjin): 4,270-4,290 yuan per tonne, up 10 yuan per tonne

HRC futures started picking up during Thursday night’s trading session, which provided some positive stimulation to the physical market during the day. Spot prices recovered some losses...

Published

Gladdy Chu

December 22, 2017

11:12 GMT

Shanghai