Chinese HRC export prices rise on potential supply cuts

Chinese hot-rolled coil exporters raised their offers on Monday January 24 on market expectations that the approaching Winter Olympics will lead to production cuts at steel mills.

Domestic
Eastern China (Shanghai): 4,950-4,980 yuan ($782-787) per tonne, up by 10-20 yuan per tonne

The most-traded HRC contract on the Shanghai Futures Exchange hit a high of 4,885...

Published

Paul Lim

Zihuan Pan

January 24, 2022

11:19 GMT

Shanghai, Singapore