CHINA HRC: Domestic prices rise further amid supply drop

China’s domestic hot-rolled coil prices picked up more upward momentum on Wednesday June 13 amid low supply and inventory levels.

Domestic Eastern China (Shanghai): 4,310-4,330 yuan ($673-676) per tonne, up 30 yuan per tonne Northern China (Tianjin): 4,240-4,260 yuan per tonne, up 20 yuan per tonne HRC prices remain strong in the domestic market because supply is comparatively short, sources said. But the upside for prices appears to be limited due to flaccid downstream demand,...

Published

Jessica Zong

June 13, 2018

11:16 GMT

Shanghai