CHINA HRC: Prices drop further on Tangshan’s smaller output cuts

China’s hot-rolled coil prices fell further on Tuesday November 6 after sentiment was dampened by Tangshan’s smaller-than-expected production cuts.

Domestic Eastern China (Shanghai): 4,000-4,010 yuan ($578-579) per tonne, down 20-30 yuan per tonne Northern China (Tianjin): 3,990-4,000 yuan per tonne, down 10 yuan per tonne Shanghai’s HRC prices have fallen for a 12th day, with sentiment in the market being dampened by news that Tangshan, China’s steelmaking hub in the northern region, will cut 18.59 million tonnes of output over the autumn-winter season. These cuts are...

Published

Miranda Song

November 07, 2018

10:08 GMT

Shanghai