CHINA HRC: Domestic prices rise after removal of more steel export rebates

China’s domestic hot-rolled coil prices rose on Friday July 30, while export prices held stable after tax authorities announced the cancellation of more steel export rebates.

Eastern China (Shanghai): 6,000-6,010 yuan ($929-930) per tonne, up by 60-80 yuan per tonne
Northern China (Tangshan): weekly assessment: 5,880-5,920 yuan per tonne, up by 160-190 yuan per tonne

The most-traded HRC contract on the Shanghai Futures Exchange for October delivery notched a new two-month-and-a-half high of 6,185 yuan per tonne on Friday after market participants reacted positively to the latest changes in China’s steel export...


Zihuan Pan

July 30, 2021

10:28 GMT