CHINA HRC: Supply remains short on logistics bottlenecks

China’s hot-rolled coil prices in the east gained on Monday December 2, with supply remaining short partly due to slow logistics and rising transportation costs.

Domestic
Eastern China (Shanghai): 3,720-3,730 yuan ($529-530) per tonne, up 10-20 yuan per tonne
Northern China (Tangshan): 3,640 yuan per tonne, unchanged
Spot prices gained in Shanghai following futures increases, with a source there saying demand remained stable while supply remained short.
China’s steel logistics have been slow since mid October, when a heavy truck carrying six coils of HRC caused a bridge in Wuxi city, Jiangsu province to collapse.

The accident focused attention...

Published

Miranda Song

December 02, 2019

09:56 GMT

Shanghai