CHINA HRC: Domestic prices jump on supply concerns

Spot prices for hot-rolled coil in China's domestic market rose on Friday September 3 after supply concerns emerged following a series of mill announcements of maintenance plans for September, the traditional high season, sources told Fastmarkets.

Domestic
Eastern China (Shanghai): 5,760-5,800 yuan ($892-898) per tonne, up by 90-110 yuan per tonne
Northern China (Tangshan): weekly assessment: 5,720-5,750 yuan per tonne, up by 90-120 yuan per tonne
More than 20 mills in China have announced their maintenance plans for September, while September-October is a peak demand season.

Handan's tighter production curbs are also fueling supply concerns, sources said. The major steelmaking hub in Hebei now requires steel mills to impose an additional 4.4% production cut for September-October, on top...

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