CHINA HRC: Exporters raise offers amid weakening dollar

China’s hot-rolled coil exporters raised their offers on Tuesday January 14 on a weakening dollar, but thin trading kept domestic prices flat.

Eastern China (Shanghai): 3,880-3,890 yuan ($562-564) per tonne, unchanged
Northern China (Tangshan): 3,600 yuan per tonne, unchanged
A Shanghai-based trader said there was barely any movement in the market with trading activity thinning due to downstream manufacturers slowing down their operating rates ahead of the Chinese New Year holiday, which starts at the end of next week.

In the northern...


Miranda Song

January 14, 2020

10:17 GMT