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 at 3,620 yuan per tonne. Those that did...

Published

Miranda Song

September 11, 2019

11:43 GMT

Shanghai