CHINA HRC: Strong trading activity drives up prices further

China’s hot-rolled coil prices picked up even more upward momentum on Tuesday November 19 amid robust buying activity.

Domestic
Eastern China (Shanghai): 3,650-3,660 yuan ($520-521) per tonne, up 30-40 yuan per tonne
Northern China (Tangshan): 3,610-3,620 yuan per tonne, up 40-50 yuan per tonne
Prices rose by bigger margins during the day on strong trading activity in both eastern and northern China.

A mill in the latter region even was even force to suspend trading in the afternoon after selling out the products it...

Published

Miranda Song

November 19, 2019

10:11 GMT

Shanghai