CHINA HRC: Low demand, high domestic prices divide export market

China’s hot-rolled coil market was largely steady on Wednesday April 3, though exporters have started to adopt different strategies amid domestic prices gains and weak demand from abroad.

Domestic Eastern China (Shanghai): 3,880-3,890 yuan ($577-579) per tonne, up 20 yuan per tonne Northern China (Tianjin): 3,790-3,810 yuan per tonne, unchanged Prices in Shanghai rose during the day, even though trading activity was thinner in comparison with Tuesday. A Hangzhou-based trader said mills were keeping their offers high due to futures prices rising in response to expectations of a supply drop for iron ore due to various disruptions in Australia and Brazil, the world’s largest...

Published

Miranda Song

April 03, 2019

11:14 GMT

Shanghai