CHINA HRC: Exporters stand by offers on domestic stability

China’s hot-rolled coil exporters largely kept their offers high on Tuesday January 6 despite sparse trading activity, amid stability in the domestic market.

Domestic
Eastern China (Shanghai): 3,880-3,910 yuan ($556-561) per tonne, widened downward by 20 yuan per tonne
Northern China (Tangshan): 3,620 yuan per tonne, unchanged

In Shanghai, prices for mainstream 5.5mm HRC remained steady at 3,900-3,910 yuan per tonne, though thinner-gauge products were fetching prices as low as 3,800-3,890 yuan per tonne after producers in the north stepped up their deliveries to the eastern region, a Shanghai-based...

Published

Miranda Song

January 07, 2020

10:22 GMT

Shanghai