CHINA HRC: Exporters offer lower forced by cheap goods abroad

China’s hot-rolled coil exporters were forced to cut offers on Wednesday March 25 due to cheaper material abroad, even as domestic prices gained.

Domestic
Eastern China (Shanghai): 3,390-3,410 yuan ($479-482) per tonne, up 30 yuan per tonne
Northern China (Tangshan): 3,280-3,300 yuan per tonne, widening upward by 20 yuan per tonne
Sellers raised domestic prices on Wednesday on a futures rebound in the morning, a Shanghai-based trader said. But trading was inactive, especially after futures prices fell in the afternoon.

This was partly because trading on Tuesday “was relatively more active,” which...

Published

Miranda Song

March 25, 2020

10:12 GMT

Shanghai