CHINA HRC: Domestic prices hit record high

China’s domestic hot-rolled coil prices strengthened on Thursday May 6 amid strong demand, rising to record highs.

Domestic
Eastern China (Shanghai): 5,910-5,920 yuan ($913-914) per tonne, up 150 yuan per tonne
Prices are at their highest since Fastmarkets’ started assessing them in August 2004.
An industry analyst says prices on Thursday are a historical high.

Demand was strong during the day, which led sellers to raise their prices over any supporting factor, such as gains in the billet market,...

Published

Jessica Zong

May 06, 2021

10:29 GMT

Shanghai