CHINA HRC: Exporters quietly lowering offers to win orders

Some of China’s domestic hot-rolled coil exporters have started to lower their offers unofficially after days of sparse trading with the aim of stimulating sales.

Domestic Eastern China (Shanghai): 3,640-3,650 yuan ($533-534) per tonne, down 20 yuan per tonne Northern China (Tianjin): 3,620-3,630 yuan per tonne, unchanged Prices in Shanghai dipped on Thursday January 10, with a source there telling Fastmarkets MB that end-user demand was weakening. More companies downstream are suspending operations amid colder weather, he said. The drop was also partly due to dampened sentiment after word spread that...

Published

Miranda Song

January 10, 2019

10:10 GMT

Shanghai