CHINA HRC: Prices edge up on buying spike

Eastern China’s hot-rolled coil prices edged up on Friday September 18 on a pick-up in trading activity.

Domestic
Eastern China (Shanghai): 3,860-3,890 yuan ($570-575) yuan per tonne, up 10 yuan per tonne
Northern China (Tangshan) - weekly assessment: 3,790-3,820 yuan per tonne, down 80-90 yuan per tonne
Prices in eastern China rose during the day and most market sources told Fastmarkets that they had secured more orders than a day earlier.
Week on week, HRC prices in eastern China are 30 yuan per tonne lower.

Published

Miranda Song

September 18, 2020

10:30 GMT

Shanghai