CHINA HRC: Tightening supply, improving sentiment push up prices

China’s hot-rolled coil prices maintained their strength on Monday January 21, particularly those in the export market, amid a drop in supply coupled with an improvement in sentiment.

Domestic Eastern China (Shanghai): 3,660-3,680 yuan ($540-543) per tonne, up 10 yuan per tonne Northern China (Tianjin): 3,630-3,650 yuan per tonne, widening downward by 10 yuan per tonne Prices were largely stable nationwide, with those in Shanghai edging up on moderate trading activity, a Shanghai-based source told Fastmarkets MB. Demand has been better than expected in recent days while supply has started to tighten with mills starting to suspend their operations ahead of the upcoming Chinese New Year holiday. China is...

Published

Miranda Song

January 21, 2019

11:07 GMT

Shanghai