China HRC: Prices drop on low demand

China’s hot-rolled coil prices dropped on Tuesday February 12, dragged down by low demand.

Domestic Eastern China (Shanghai): 3,840-3,850 yuan ($566-568) per tonne, down 30-40 yuan per tonne Northern China (Tianjin): 3,780-3,800 yuan per tonne, down 10-20 yuan per tonne Prices retreated after the surge on the day before, with downstream demand still weak as many companies have yet to resume production following the Chinese Lunar New Year holiday, a Hangzhou-based trader said. Demand in eastern China is expected to pick up...

Published

Miranda Song

February 12, 2019

09:59 GMT

Shanghai