CHINA HRC: Mills keep export offers high despite weakening domestic market

Thin trading in China’s domestic hot-rolled coil market continued to put pressure on prices on Wednesday February 26, though exporters stuck to their high offers.

Eastern China (Shanghai): 3,560-3,570 yuan ($506-507) per tonne, unchanged
Northern China (Tangshan): 3,300-3,320 yuan per tonne, down 30 yuan per tonne
Traders in Shanghai reported that buying slowed down further after the price movements of a day earlier.

Spot HRC prices in Shanghai were unchanged on Wednesday. A trader in Shanghai attributed this...


Miranda Song

February 26, 2020

09:56 GMT