CHINA HRC: Export offers stay high amid absence of supply pressure

By Gladdy Chu / January 30, 2018 / www.metalbulletin.com / Article Link

Most major mills in China on Tuesday January 30 rolled over their export offers for hot-rolled coil for this week amid a drop in supply in the domestic market.

Domestic Eastern China (Shanghai): 4,070-4,110 yuan ($643-649) per tonne, down 20 yuan per tonne Northern China (Tianjin): 3,940-3,970 yuan per tonne, unchanged China's domestic HRC market remained relatively steady during the day, with prices in Shanghai dipping only in the wake of futures trending downward since Monday night's trading session. Sellers in Tianjin refused to lower their prices due to tight...

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