CHINA HRC: Steady demand keeps domestic prices from falling further

China’s hot-rolled coil prices stopped retreating on Thursday April 11 - and even rebounded in the eastern region - amid steady demand.

Domestic Eastern China (Shanghai): 3,980-3,990 yuan ($593-594) per tonne, up 10 yuan per tonne Northern China (Tianjin): 3,930-3,940 yuan per tonne, unchanged A Hangzhou-based trader said the day’s trading activity was slightly higher than a day earlier amid continual gains in the futures market. Downstream demand is steady, with HRC inventory levels nationwide dropping by around 135,800...

Published

Miranda Song

April 11, 2019

10:50 GMT

Shanghai