CHINA HRC: Exporters keep offers high on domestic gains

China’s hot-rolled coil prices gained more strength on Wednesday November 13 on improved domestic demand, which encouraged exporters to keep offers high.

Domestic
Eastern China (Shanghai): 3,550-3,560 yuan ($507-508) per tonne, up 40 yuan per tonne
Northern China (Tangshan): 3,530-3,540 yuan per tonne, widening upward by 10 yuan per tonne

Demand in eastern China picked up during the day, which some segments of the market attributed to a pile-up of cargoes bound for the region at ports in northern China. These consisted of not just HRC but also other steel...

Published

Miranda Song

November 13, 2019

09:26 GMT

Shanghai