CHINA HRC: Traders getting more business from overseas buyers

Traders reported a spike in interest for China-origin hot-rolled coil in the export market on Friday January 17 amid limited offers from mills ahead of the Chinese New Year break next week.

Domestic
Eastern China (Shanghai): 3,860-3,880 yuan ($561-564) per tonne, unchanged
Northern China (Tangshan): 3,590 yuan per tonne, unchanged
Prices were unchanged with sellers keeping offers stable amid the pre-holiday lull in the market.
A trader in Shanghai said that the company he works for had already started its break, which will last until the end of the month.

Few...

Published

Miranda Song

January 17, 2020

10:42 GMT

Shanghai