CHINA HRC: Export prices rise despite steady domestic market

China’s domestic hot-rolled coil prices were largely flat on Thursday December 12, though those in the export market gained some strength.

Domestic
Eastern China (Shanghai): 3,880-3,890 yuan ($551-552) per tonne, unchanged
Northern China (Tangshan): 3,650 yuan per tonne, down 10 yuan per tonne
HRC futures strengthened during the day, but this failed to stimulate the spot market.

Some buyers cut their procurement rates to take a wait-and-see approach amid the mixed...

Published

Jessica Zong

Miranda Song

December 12, 2019

10:14 GMT

Shanghai