CHINA HRC: Market shows little reaction to Tangshan production cuts

China’s hot-rolled coil prices weakened slightly on Monday October 26, despite news of production cuts in the northern China steelmaking hub of Tangshan.

Domestic
Eastern China (Shanghai): 3,900-3,920 yuan ($582-585) per tonne, down 10-20 yuan per tonne
Several Shanghai-based traders said trading activity had reduced slightly, with most market participants cautious about restocking, even though mills in Tangshan had been ordered to limit their output.

Late on Friday, several media outlets reported that the local government in Tangshan had ordered several major mills to suspend some sintering activity to help curb...

Published

Miranda Song

October 26, 2020

10:42 GMT

Shanghai