CHINA HRC: Market steady on restocking demand

China’s hot-rolled coil prices were largely stable on Wednesday January 16 with sentiment being supported by some restocking being done materials to be delivered after the Chinese New Year.

Domestic
Eastern China (Shanghai): 3,620-3,630 yuan ($535-537) per tonne, narrowing downward by 10 yuan per tonne
Northern China (Tianjin): 3,600-3,620 yuan per tonne, unchanged
Prices held steady with some end users placing orders with traders for HRC to be delivered in mid-February or late-February, a Shanghai-based trader said.

These buyers are aiming to lock in prices at certain levels to be agreed...

Published

Miranda Song

January 16, 2019

10:10 GMT

Shanghai