CHINA HRC: Domestic prices stronger following sharp gains in futures

China’s hot-rolled coil prices rose steadily on Friday March 30 after futures soared during the day.

Domestic
Eastern China (Shanghai): 3,820-3,840 yuan ($607-610) per tonne, up 40 yuan per tonne
Northern China (Tianjin): 3,790-3,810 yuan per tonne, up 50 yuan per tonne
Spot prices jumped in both eastern and northern regions after the paper market strengthened throughout the day, according to market participants.

Some sellers withdrew their offers in the afternoon after seeing the sharp gains in...

Published

Gladdy Chu

March 30, 2018

11:18 GMT

Xi'an, China