CHINA HRC: Mills resist low bids amid domestic rebound

China’s hot-rolled coil prices recovered some losses on Friday August 16 after trading activity returned to moderate levels, which led mills to turn down low bids in the export market.

Eastern China (Shanghai): 3,720-3,730 yuan ($529-530) per tonne, up 10 yuan per tonne
Northern China (Tangshan): 3,720 yuan per tonne, unchanged
HRC futures largely trended upward during the day, which led to trading activity in Shanghai’s spot market rising to moderate levels after falling over the last few days, a trader in the city said.

Spot prices ended the week higher - those in Shanghai are up 80 yuan per tonne week on...


Miranda Song

August 16, 2019

11:10 GMT