CHINA HRC: Exporters keep prices high on domestic gains

China’s hot-rolled coil exporters maintained their offers amid domestic price gains on Thursday April 4, despite low demand among overseas buyers.

Domestic Eastern China (Shanghai): 3,890-3,900 yuan ($580-581) per tonne, up 10 yuan per tonne Northern China (Tianjin): 3,840-3,860 yuan per tonne, up 50 yuan per tonne Domestic prices continued to receive support from the strengthening iron ore market upstream, with mills raising their offers during the day in anticipation of higher input costs. Prices in Tianjin had spiked to around 3,850 yuan per tonne in the afternoon on Wednesday due to strengthening iron ore futures, though this information was only conveyed to Fastmarkets MB after the day’s 3pm cut-off time for data collection. Trading...

Published

Miranda Song

April 04, 2019

11:10 GMT

Shanghai