CHINA HRC: Prices drop on sparse trading

China’s hot-rolled coil prices fell on Thursday August 9, dragged down by low demand.

Domestic Eastern China (Shanghai): 4,280-4,300 yuan ($626-629) per tonne, down 20 yuan per tonne Northern China (Tianjin): 4,210-4,230 yuan per tonne, down 20 yuan per tonne Although domestic prices are relatively high, bolstered by the ongoing production cuts nationwide, sellers have had to cut prices to win more orders. And a Tangshan-based source said that trading activity had picked up after sellers cut their prices. The dominant price range in the morning was between 4,280...

Published

Miranda Song

August 09, 2018

12:56 GMT

Shanghai