CHINA HRC: Domestic prices surge on Tangshan production cut, inventory drop

By Miranda Song / July 12, 2018 / www.metalbulletin.com / Article Link

China's domestic HRC prices gained on Thursday July 12 on concerns of a supply shortage after the output restriction policy in Tangshan, a steelmaking hub in northern China, was released to the market.

Declining inventory in the domestic HRC market over the past week helped boost prices, sources said.DomesticEastern China (Shanghai): 4,260-4,280 yuan ($639-642) per tonne, up 30 yuan per tonneNorthern China (Tianjin): 4,150-4,160 yuan per tonne, up 40 yuan per tonneDomestic prices surged after several mills in Tangshan said they received a government document on output restriction.While prices were mainly unchanged yesterday, as such measures were still unconfirmed, prices in both the futures and spot market have surged since yesterday night after...

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok