CHINA HRC: Domestic prices rise on Tangshan's new output curb plan

Prices of hot-rolled coil in China's domestic market rose on Tuesday August 10, reflecting growing expectations that output will drop following the release of Tangshan's new production curb plan to ensure good air quality for the forthcoming Winter Olympics in Beijing.

Domestic
Eastern China (Shanghai): 5,760-5,820 yuan ($889-898) per tonne, up by 40 yuan per tonne
Tangshan, China's main steelmaking hub, plans to extend its existing curbs on steel production and truck transport to March 13, 2022, to ensure air quality during the games, according to a draft from the city's environment authorities released by a local information provider.

Trading activities across the spot HRC market improved further from the previous day...

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