CHINA HRC: Exporters raise offers on domestic strength

China’s hot-rolled coil prices rose on Friday February 21, particularly in the northern region, which led exporters to raise their offers significantly.

Eastern China (Shanghai): 3,500-3,520 yuan ($499-501) per tonne, up 10 yuan per tonne
Northern China (Tangshan): 3,350-3,380 yuan per tonne, up 80 yuan per tonne
Prices in Shanghai edged up, with trading activity rising day by day.
But a trader in the city said sales at the company he works for were still around half of levels before the novel coronavirus (2019-nCoV) outbreak in the country.

The virus has infected over 75,000 people and caused more than 2,000 deaths in China. The rate of new infections in the country appeared to...


Miranda Song

February 21, 2020

10:30 GMT