CHINA HRC: Domestic prices stable, Beijing's fresh price warning weighs on futures

Hot-rolled coil prices across China's domestic market edged lower on Friday July 16, while futures prices dropped to a one-week low following Beijing's fresh pledge to ensure stable supply and prices for commodities.

Domestic
Eastern China (Shanghai): 5,860-5,900 yuan ($906-913) per tonne, narrowing downward by 20 yuan per tonne
Northern China (Tangshan): 5,710-5,720 yuan per tonne, up by 100-210 yuan per tonne

The Ministry of Industry and Information Technology said on Friday that it will work with related departments to ensure stable supply and prices for commodities...

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