CHINA HRC: Mill production schedule shortens on low demand

China's domestic hot-rolled coil prices were stable on Monday April 20 despite only "moderate" trading, while some mills raised export prices on limited resources.

Domestic
Eastern China (Shanghai): 3,330-3,340 yuan ($471-472) per tonne, unchanged
Northern China (Tangshan): 3,260 yuan per tonne, unchanged
A Shanghai-based trader said sellers were keeping prices stable with futures prices remaining high, but trading was "merely moderate" and some buyers are bearish on price trends.

A source at an eastern China-based mill told Fastmarkets he is receiving orders around a week ahead of the production schedule, while previously their orders...

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