CHINA HRC: Russia competes with China in Vietnam HRC market

China’s hot-rolled coil exports could not compete with lower-priced HRC from Russia on Tuesday October 27, while prices in the Chinese domestic market remained unchanged.

Eastern China (Shanghai): 3,900-3,920 yuan ($582-585) per tonne, unchanged
A Shanghai-based trader said spot trading in the domestic market was largely stable while prices were also flat day on day, although futures prices gained.
He said most market participants were cautious due to high HRC inventories.

The China Iron & Steel Association (Cisa) reported Chinese HRC inventories of 2.05 million tonnes on October 20, unchanged...


Miranda Song

October 27, 2020

10:33 GMT