CHINA HRC: Prices largely flat amid sparse trading

China’s hot-rolled coil prices were largely steady on Thursday July 26 amid thin trading.

Eastern China (Shanghai): 4,250-4,260 yuan ($627-629) per tonne, narrowing downward 10 yuan per tonne
Northern China (Tianjin): 4,170-4,180 yuan per tonne, unchanged
Domestic prices were largely unchanged during the day amid sparse trading, a Tangshan-based source said.

A few mills offered HRC at 4,270 yuan per tonne in Shanghai in the morning, no buyers were willing to buy at that price, he said. The mills had to revise their offers downward to 4,250-4,260 yuan per...


Miranda Song

July 26, 2018

11:03 GMT