CHINA HRC: Mills raise export offers on steady domestic market

China’s hot-rolled coil producers raised their export offers on Tuesday November 12 amid a relatively stable domestic market.

Eastern China (Shanghai): 3,510-3,520 yuan ($501-502) per tonne, unchanged
Northern China (Tangshan): 3,530 yuan per tonne, up 20 yuan per tonne
While prices for mainstream sizes of HRC in eastern China were stable, those for many other specifications rose to as high as 3,580-3,600 yuan per tonne, a trader there said.
Trading activity in northern China - as well as in the southern region - remained higher than in the east, which propped up prices.

A second Shanghai-based trader said the relative stability of the market in recent days was due to many end users and stockists having kept their inventories low in anticipation of prices...


Miranda Song

November 12, 2019

10:49 GMT