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.
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...