CHINA HRC: Prices retreat despite tighter production curbs

Spot prices for hot-rolled coil in China resumed their decline on Friday September 17 after tighter production curbs failed to offset demand concerns.

Domestic
Eastern China (Shanghai): 5,730-5,780 yuan ($888-896) per tonne, down by 50 yuan per tonne
Northern China (Tangshan): weekly assessment: 5,700-5,740 yuan ($883-889) per tonne, down by 80-90 yuan per tonne
A number of Chinese provinces, including Jiangsu in East China, have stepped up their production curbs on projects with high levels of energy consumption and emissions, including steel mills, while they rush to hit their annual emissions targets.
The newly released draft plan for air pollution controls across more northern regions during October 2021 to end-March 2022 showed Beijing’s resolution to reduce carbon emissions and to maintain a blue sky in winter.

However, demand concerns were still lingering, prompting HRC...

Published

Paul Lim

Zihuan Pan

September 17, 2021

10:28 GMT

Shanghai, Singapore