CHINA HRC: Slow buying sparks price retreat

China’s hot-rolled coil sellers lowered their prices on Friday September 6 following declining trading activity over the course of this week.

Domestic Eastern China (Shanghai): 3,650-3,670 yuan ($511-514) per tonne, down 30-40 yuan per tonne Northern China (Tangshan): 3,600-3,610 yuan per tonne, down 30-40 yuan per tonne Mills cut their ex-works prices in the morning, which put pressure on the spot market. A Shanghai-based trader said the move by the mills was made in response to successive days of declining trading activity. A weakening of the futures market also dampened sentiment,...

Published

Miranda Song

September 06, 2019

11:23 GMT

Shanghai