China HRC: Prices steady on low trading activity

China hot-rolled coil market was largely stable on Thursday January 24 amid inactivity ahead of the Chinese New Year holiday.

Domestic Eastern China (Shanghai): 3,720-3,730 yuan ($548-549) per tonne, up 10-20 yuan per tonne Northern China (Tianjin): 3,650-3,670 yuan per tonne, unchanged Prices stayed at “a moderate level,” which yields HRC producers profit margins of 250-500 yuan per tonne, several sources told Fastmarkets MB. A Hangzhou-based trader does not expect prices to experience any major changes before February 4, when the week-long public holiday in China starts, with buyers slowing down their...

Published

Miranda Song

January 24, 2019

10:13 GMT

Shanghai