CHINA HRC: Domestic trading picks up on lower mill offers

China’s hot-rolled coil prices were largely stable on Monday December 30, but trading picked up domestically after mills in the north of the country lowered their offers.

Eastern China (Shanghai): 3,900-3,910 yuan ($558-510) per tonne, unchanged
Northern China (Tangshan): 3,630-3,640 yuan per tonne, widening downward 10 yuan per tonne
While trading in Shanghai was moderate amid stable prices, a northern China-based trader said trading activity there picked up in the afternoon after mills lowered offers.

The trader said mills had to lower prices because trading was thin at...


Miranda Song

December 30, 2019

09:30 GMT