CHINA HRC: Some exporters accept low bids in expectation of falling prices

China’s hot-rolled coil prices gained in the domestic market on Monday September 14, but some exporters signed deals to Vietnam at prices below market averages.

Domestic
Eastern China (Shanghai): 3,920-3,940 yuan ($574-577) yuan per tonne, up 20-30 yuan per tonne
Prices in Shanghai gained from Friday, following futures gains, but trading activity was merely moderate, sources told Fastmarkets.

Overall demand was stable, but buyers were in no rush to restock given that HRC cargoes had been arriving from the...

Published

Miranda Song

September 14, 2020

09:48 GMT

Shanghai