CHINA HRC: Mills raise offers amid easing of selling pressure

Chinese steelmakers raised their offers on Tuesday January 22 in the absence of any selling pressure before the upcoming Chinese New Year holiday.

Domestic Eastern China (Shanghai): 3,700-3,720 yuan ($544-547) per tonne, up 40 yuan per tonne Northern China (Tianjin): 3,660-3,680 yuan per tonne, up 30 yuan per tonne Many steelmakers in China raised their offers since they have secured enough orders for production during the February 4-10 holiday to mark the Chinese New Year, a trader in Shanghai said. The uncertain outlook for prices after the holiday is also making mills less eager...

Published

Miranda Song

January 22, 2019

10:37 GMT

Shanghai