CHINA HRC: Bearish outlook remains despite steady buying

China’s domestic hot-rolled coil prices were mixed on Monday October 21, with those in the eastern region gaining some stability while the market in the north weakened further.

Domestic Eastern China (Shanghai): 3,500-3,510 yuan ($494-496) per tonne, narrowing upward by 10 yuan per tonne Northern China (Tangshan): 3,480 yuan per tonne, down 10 yuan per tonne Mills in northern China lowered their offers, which led to prices continuing to fall in the region. A source at a steelmaker in the north said that mills had lowered their offers despite having secured many bookings recently to maintain the momentum over October and November, after...

Published

Miranda Song

October 21, 2019

11:20 GMT

Shanghai