CHINA HRC: Export trading activity edges up after recent price decline

China’s hot-rolled coil prices were largely steady on Wednesday May 15 amid sparse trading in the domestic market, though trading activity in the export segment appeared to pick up after exporters cut their offers.

Eastern China (Shanghai): 3,990-4,000 yuan ($580-582) per tonne, unchanged
Northern China (Tianjin): 3,870-3,880 yuan per tonne, narrowing from both ends
Trading was persistently thin in the major markets for the flat steel product, but prices largely stabilized.

A Shanghai-based trader said the stability might be due to the rebounding...


Miranda Song

May 15, 2019

11:30 GMT