CHINA HRC: Domestic prices rise amid positive news for downstream sectors

June 19, 2020 / www.metalbulletin.com / Article Link

China's domestic hot-rolled coil prices gained upward momentum on Thursday June 18 after the Chinese government announced financial support for small companies.

Domestic
Eastern China (Shanghai): 3,690-3,700 yuan ($521-522) per tonne, up by 40 yuan per tonne

The State Council signaled on Wednesday that it would lower the amount of reserves that banks are required hold to spur lending. The Chinese government also called on banks to implement measures such...

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