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...

Published

Miranda Song

October 09, 2019

11:24 GMT

Shanghai