CHINA HRC: Recovery of domestic prices make exports a challenge

China’s domestic hot-rolled coil prices strengthened on Monday October 14 amid steady demand, making export transactions challenging even though the country reached some form of a truce with the United States last Friday amid an ongoing trade spat.

Eastern China (Shanghai): 3,580-3,600 yuan ($505-508) per tonne, up 10-20 yuan per tonne
Northern China (Tangshan): 3,550 yuan per tonne, up 30 yuan per tonne
Robust demand over the past week led Chinese steelmakers to start asking for higher prices over the weekend, which propped up the spot market.

Sources described trading activity as moderate during the day, though they noted that spot...


Miranda Song

October 14, 2019

11:10 GMT