CHINA HRC: Prices high due to supply bottleneck

China’s hot-rolled coil prices remained elevated on Friday November 29, with stable demand keeping trading active despite supply being affected by logistics problems.

Domestic
Eastern China (Shanghai): 3,700-3,720 yuan ($527-530) per tonne, narrowing upward by 10 yuan per tonne
Northern China (Tangshan): 3,640 yuan per tonne, up 10 yuan per tonne
A source based in northern China said orders had been steady recently on stable demand among end users.

He said demand had been bolstered by the construction sector, and...

Published

Miranda Song

November 29, 2019

11:02 GMT

Shanghai