CHINA HRC: Steady demand props up domestic prices

China’s hot-rolled coil prices regained some strength on Monday April 22 on moderate trading activity amid stable demand.

Domestic Eastern China (Shanghai): 4,010-4,020 yuan ($598-600) per tonne, up 40-50 yuan per tonne Northern China (Tianjin): 3,950-3,960 yuan per tonne, up 50 yuan per tonne Transaction prices gained traction during the day after mills raised their offers. Trading activity was described as “moderate,” with buyers said to be more willing to accept prices higher than those last Friday, a Shanghai-based trader said. This suggested that end users were consuming HRC steadily, though some of them refrained from placing more orders when prices rose...

Published

Miranda Song

April 22, 2019

12:13 GMT

Shanghai