CHINA HRC: Prices nosedive amid trade tensions with US

China’s hot-rolled coil prices tumbled on Friday March 23 along with the paper market amid mounting trade tensions between the country and the United States.

Domestic
Eastern China (Shanghai): 3,760-3,800 yuan ($594-600) per tonne, down 120 yuan per tonne
Northern China (Tianjin): 3,710-3,740 yuan per tonne, down 160 yuan per tonne

HRC futures slumped during Thursday night’s trading session with risk aversion growing after the US President Donald Trump unveiled tariffs on up to $60 billion worth of Chinese imports. They continued to fall on Friday, nearly hitting the daily...

Published

Gladdy Chu

March 23, 2018

09:45 GMT

Shanghai