CHINA HRC: Domestic prices inch up on raw materials support

Hot-rolled coil prices in China's domestic market edged higher on Thursday June 17 while the ferrous complex rose across the board on supply concerns, sources told Fastmarkets.

Domestic
Eastern China (Shanghai): 5,480-5,500 yuan ($853-856) per tonne, up by 20-40 yuan per tonne.
Spot prices climbed up on Thursday, while the most-traded HRC contract on the Shanghai Futures Exchange clawed back about 90 yuan after two consecutive days of declines.

Coking coal was the best performer in the ferrous complex due to increased supply concerns on talk of production suspensions at some coal...

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