China's domestic hot-rolled coil prices dropped on Thursday September 19 amid expectations of higher output in the northern region in the next six months.
DomesticEastern China (Shanghai): 3,640-3,650 yuan ($513-514) per tonne, down 50 yuan per tonneNorthern China (Tangshan): 3,600-3,610 yuan per tonne, narrowing downward by 10 yuan per tonneA draft of measures to cut emissions in northern China during the October-March period that has been circulating via social media suggests that HRC output will be higher than the corresponding period of last year.Northern China, especially Tangshan, is an HRC production hub....