CHINA HRC: Mills raise export offers despite weakening domestic market

China’s hot-rolled coil producers raised their export offers further on Thursday February 14 although domestic prices weakened further.

Domestic Eastern China (Shanghai): 3,730-3,740 yuan ($551-553) per tonne, down 60 yuan per tonne Northern China (Tianjin): 3,740-3,750 yuan per tonne, down 20 yuan per tonne Prices weakened during the day with market participants only willing to buy at lower prices, though trading activity picked up, a trader in Shanghai said. The pick-up in demand bodes well for the market, although uncertainties remain due...

Published

Miranda Song

February 14, 2019

10:33 GMT

Shanghai