CHINA HRC: Mills turn focus back to domestic market

Chinese steelmakers kept their export offers for hot-rolled coil unchanged on Tuesday October 29 amid a stable domestic market.

Eastern China (Shanghai): 3,500-3,520 yuan ($495-498) per tonne, unchanged
Northern China (Tangshan): 3,500 yuan per tonne, unchanged
Steady demand kept domestic prices unchanged during the day.
A Shanghai-based trader thinks demand will be sustained for several days more before the onset of winter.

Trading activity in the northern region...


Miranda Song

October 29, 2019

10:22 GMT