CHINA HRC: Mills raise export offers on improving demand

Steel mills in China raised their export offers for hot-rolled coil on Tuesday March 12 amid an improvement in demand both in the domestic market and abroad.

Domestic Eastern China (Shanghai): 3,840-3,860 yuan ($573-576) per tonne, up 50 yuan per tonne Northern China (Tianjin): 3,760-3,780 yuan per tonne, up 20 yuan per tonne Tangshan is reportedly implementing its winter production restrictions strictly to improve air quality, a move that appears to have affected HRC production more than that for rebar. Market participants expect HRC supply from the city to other spot markets...

Published

Jessica Zong

March 12, 2019

10:05 GMT

Shanghai