CHINA HRC: Domestic prices rise after futures rally

China's domestic hot-rolled coil prices pushed up on Friday June 25, after futures prices increased following talks of production curbs on steel mills in the Tangshan steelmaking hub in northern China.

Eastern China (Shanghai): 5,380-5,450 yuan ($833-844) per tonne, up by 80-90 yuan per tonne.
Northern China (Tangshan): weekly assessment: 5,280-5,330 yuan ($818-826) per tonne, down by 150-170 yuan per tonne.

The most-traded HRC contract on the Shanghai Futures Exchange rose during the day, with market sentiment supported by talks that steel mills in Tangshan - located near the capital city Beijing - will be required to control production in a bid to improve air quality in the run-up to the centennial...


Zihuan Pan

June 25, 2021

11:35 GMT