CHINA HRC: Chinese prices fall to competitive level in Southeast Asian market

China's hot-rolled coil prices were stable in the domestic market on Thursday September 17, while the export price continued to fall and gain competitiveness in the Southeast Asian market.

Domestic
Eastern China (Shanghai): 3,850-3,880 yuan ($569-573) yuan per tonne, unchanged
Prices were stable on Thursday amid small moves in the futures market, but trading activity has picked up, sources said.

A Tianjin-based trader believes HRC prices will stay around 3,850 yuan per tonne in the short term because it is close to the production cost for many producers. But he...

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