CHINA HRC: Weak demand puts further pressure on prices

China’s hot-rolled coil prices dropped on Wednesday September 11 after buying interest thinned further.

Domestic
Eastern China (Shanghai): 3,690-3,700 yuan ($519-520) per tonne, down 10-20 yuan per tonne
Northern China (Tangshan): 3,600-3,620 yuan per tonne, down 10-20 yuan per tonne
Sources in both eastern and northern China said trading was sparse during the day amid softening futures.

A Tianjin-based trader said buyers in Tangshan put up resistance when mills tried to sell...

Published

Miranda Song

September 11, 2019

11:43 GMT

Shanghai