CHINA HRC: Export deals scarce amid big price gap

China’s export hot-rolled coil (HRC) trading was thin this week, with sellers still insisting on prices too high for most overseas buyers to accept on Friday March 8.

Domestic Eastern China (Shanghai): 3,820-3,830 yuan ($569-571) per tonne, narrowing downward 10 yuan per tonne Northern China (Tianjin): 3,770-3,780 yuan per tonne, up 10-20 yuan per tonne Trading was thinner in Shanghai compared with the previous day, which weighed on prices. A Hangzhou-based trader said that was because some buyers are buying cheaper hot-rolled strip steel instead of HRC. HR strip is more than 60 yuan per...

Published

Miranda Song

March 08, 2019

09:45 GMT

Shanghai