CHINA HRC: Mills turn focus back to domestic market

October 30, 2019 / www.metalbulletin.com / Article Link

Chinese steelmakers kept their export offers for hot-rolled coil unchanged on Tuesday October 29 amid a stable domestic market.

DomesticEastern China (Shanghai): 3,500-3,520 yuan ($495-498) per tonne, unchangedNorthern China (Tangshan): 3,500 yuan per tonne, unchangedSteady demand kept domestic prices unchanged during the day.A Shanghai-based trader thinks demand will be sustained for several days more before the onset of winter.Trading activity in the northern region was stronger in comparison, with buyers there rushing...

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