CHINA HRC: Mills reduce offers after lifting of steelmaking restrictions

China’s hot-rolled coil market weakened further on Wednesday October 9, with mills lowering prices to boost trading after the lifting of production curbs in the northern region.

Domestic Eastern China (Shanghai): 3,590-3,600 yuan ($502-504) per tonne, down 20 yuan per tonne Northern China (Tangshan): 3,540 yuan per tonne, down 20 yuan per tonne Traders in the spot market lowered their prices accordingly after mills cut their offers in the morning. A Shanghai-based trader said that the price cuts were not because trading activity was too low, but that mills were looking to secure more orders, having...

Published

Miranda Song

October 09, 2019

11:24 GMT

Shanghai