CHINA HRC: Domestic prices 'still high' despite slight dip

China’s domestic hot-rolled coil prices lost what little upward momentum they had on Friday April 12, though they remain relatively high enough for producers to ignore the export market.

Domestic Eastern China (Shanghai): 3,970-3,980 yuan ($591-592) per tonne, down 10 yuan per tonne Northern China (Tianjin): 3,920-3,930 yuan per tonne, down 10 yuan per tonne Prices were still considered stable despite experiencing a slight dip during the day, according to a trader in Shanghai. Trading activity was moderate during the day amid steady demand, he said. HRC futures also declined during the day. Traders dealing in this segment of the market said that there was a higher possibility of profiting via the trading...

Published

Miranda Song

April 12, 2019

11:38 GMT

Shanghai