CHINA HRC: Eastern China domestic price climbs on active buying

Good demand and a strong futures market kept eastern China’s hot-rolled coil price on its upward trajectory on Friday April 23 despite mills’ high production rates.

Domestic
Eastern China (Shanghai): 5,590-5,610 yuan ($861-865) per tonne, up 10 yuan per tonne 
Northern China (Tangshan) - weekly assessment: 5,500-5,530 yuan per tonne, up 60-70 yuan per tonne
Continued price rises since Wednesday took the eastern China HRC price up by 100-110 yuan per tonne week on week.

End users maintained a stable procurement rate of HRC for daily consumption because they do not have sufficient inventories, a...

Published

Jessica Zong

April 23, 2021

11:29 GMT

Shanghai