CHINA HRC: Prices edge higher due to subdued supply

Domestic hot-rolled coil prices in China edged higher on Monday October 11, with supply remaining subdued by production curbs caused by power shortages and energy consumption controls.

Domestic
Eastern China (Shanghai): 5,860-5,890 yuan ($910-915) per tonne, up by 20-40 yuan per tonne
Reduced supply remained supportive of steel prices on Monday, with data showing that production in China shrank sharply in late September after various regions escalated production curbs due to electricity supply shortages or the rush to meet energy intensity and consumption targets before the end of the year.

The China Iron and Steel Association reported on Monday...

Published

Paul Lim

Zihuan Pan

October 11, 2021

11:15 GMT

Shanghai, Singapore