CHINA HRC: Prices move higher despite thinner trading

China’s hot-rolled coil prices continued to gain on Tuesday December 3 despite slower trading, with supply remaining tight in the east of the country.

Eastern China (Shanghai): 3,740-3,750 yuan ($531-532) per tonne, up 20 yuan per tonne
Northern China (Tangshan): 3,640-3,650 yuan per tonne, widening upward by 10 yuan per tonne

A Shanghai-based trader said trading in the east of the country thinned on Tuesday compared with Monday, but end users were still willing to pay higher prices due to continuously short supply caused by a clampdown...


Miranda Song

December 03, 2019

10:25 GMT