CHINA HRC: Mills shifting focus to domestic market amid stable prices

China’s hot-rolled coil producers continued to shift their focus to the country’s domestic market, with prices there being largely stable on Thursday October 24 amid declining inventory levels.

Domestic Eastern China (Shanghai): 3,500-3,520 yuan ($495-498) per tonne, unchanged Northern China (Tangshan): 3,490-3,500 yuan per tonne, widening downward by 10 yuan per tonne Prices stayed largely stable on steady demand. A Shanghai-based trader said trading activity in the city was moderate or perhaps just slightly thinner than on Wednesday, but buyers were still willing to pay prices similar to those a day earlier. Trading activity in the north remained strong, especially at a slightly lower price of 3,490 yuan per tonne, a source...

Published

Miranda Song

October 24, 2019

11:06 GMT

Shanghai