CHINA HRC: Domestic prices rebound, push export offers upward

China’s hot-rolled coil prices bounced back on Monday April 15, with domestic gains continuing to encourage steelmakers to raise their export offers.

Domestic Eastern China (Shanghai): 4,000-4,020 yuan ($597-600) per tonne, up 30-40 yuan per tonne Northern China (Tianjin): 3,930-3,950 yuan per tonne, up 10-20 yuan per tonne Prices in Shanghai rose significantly during the day, with most transactions taking place around 4,010-4,020 yuan per tonne. A Hangzhou-based trader said supply in Shanghai was “a bit short” due to the strengthening of demand. Qiu Yuecheng, the director of metal research at Everbright Futures, attributed the growth in demand to “better-than-expected statistics” in downstream industries such...

Published

Miranda Song

April 15, 2019

12:30 GMT

Shanghai