CHINA HRC: Prices weaken on financial market losses

September 05, 2020 / www.metalbulletin.com / Article Link

China's hot-rolled coil prices weakened on Friday September 4, with sentiment dampened by financial market losses.

Domestic
Eastern China (Shanghai): 4,020-4,040 yuan ($588-591) yuan per tonne, down 10-20 yuan per tonne
Northern China (Tangshan) - weekly assessment: 3,890-3,920 yuan per tonne, up 40-50 yuan per tonne
Asian stock markets on Friday experienced their worst daily performance of the past two weeks after the United States stock market plunged on Thursday.
The Shanghai Composite Index fell 0.87% on Friday to 3,355.37 points.

This resulted in a...

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