CHINA HRC: Exporters maintain high offers on steady domestic market

China’s hot-rolled coil exporters kept their offers high on Monday January 6 amid a largely stable domestic market.

Eastern China (Shanghai): 3,900-3,910 yuan ($560-561) per tonne, unchanged
Northern China (Tangshan): 3,620 yuan per tonne, down 20 yuan per tonne
A Shanghai-based trader said spot prices in the city were stable though trading activity was falling amid a gradual winding down of operations downstream ahead of the Chinese New Year at the end of January.

Despite the slower buying, tight supply in the region was keeping prices supported, market...


Miranda Song

January 06, 2020

10:17 GMT