CHINA HRC: Mills attempt to lock in orders with lower prices

China’s hot-rolled coil prices declined further on Monday June 17, with mills coming under pressure to secure orders.

Domestic Eastern China (Shanghai): 3,750-3,780 yuan ($541-546) per tonne, down 30-50 yuan per tonne Northern China (Tianjin): 3,740-3,750 yuan per tonne, down 40 yuan per tonne A few mills gave discounts to their long-term contract customers during the day to secure orders for delivery in July, a move that hurt trading activity in the spot market as a whole. A Shanghai-based source said mills were selling at around 3,700 yuan per tonne to...

Published

Miranda Song

June 17, 2019

11:12 GMT

Shanghai