CHINA HRC: Exporters raise offers on recent domestic gains

Chinese mills raised their export offers for hot-rolled coil on Tuesday April 16 following a recent strengthening of the domestic market, though prices in the latter were mixed during the day due to trading activity thinning and supply tightening.

Domestic Eastern China (Shanghai): 3,990-4,010 yuan ($595-598) per tonne, down 10 yuan per tonne Northern China (Tianjin): 3,950-3,970 yuan per tonne, up 20 yuan per tonne Market sources said sentiment was dampened by steel futures declining during the day, which weighed on spot prices in the physical market, at least in Shanghai. While most transactions in the city took place around 4,000-4,010 yuan per tonne, a few...

Published

Miranda Song

April 16, 2019

10:13 GMT

Shanghai