CHINA HRC: Domestic prices take a pause as demand declines

China’s domestic hot-rolled coil prices halted their recent rises on Thursday June 14 amid weaker demand.

Domestic Eastern China (Shanghai): 4,300-4,330 yuan ($671-676) per tonne, widened down 10 yuan per tonne Northern China (Tianjin): 4,240-4,260 yuan per tonne, unchanged HRC prices were flat or down slightly in the domestic Chinese market today despite a continued rally in the futures market, dragged down flaccid demand. Although supply remained short, which helped keep HRC prices close to their recent peaks, downstream demand was...

Published

Jessica Zong

Miranda Song

June 14, 2018

10:12 GMT

Shanghai