CHINA HRC: Buyers bide their time ahead of VAT cut

March 29, 2019 / www.metalbulletin.com / Article Link

China's domestic hot-rolled coil prices were flat on Thursday March 28, with market participants taking a wait-and-see approach.

DomesticEastern China (Shanghai): 3,850-3,860 yuan ($573-574) per tonne, unchangedNorthern China (Tianjin): 3,790-3,800 yuan per tonne, unchangedA few buyers raised their procurement rates amid gains in the futures market in the earlier part of the day, sources said.But others mostly suspended their purchasing plans ahead of a...

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