CHINA HRC: Tangshan production cut bolsters spot prices

July 27, 2019 / www.metalbulletin.com / Article Link

China's hot-rolled coil prices moved up slightly in both the domestic and export markets on Friday July 26, with market participants expecting further restrictions on output in August..

DomesticEastern China (Shanghai): 3,850-3,870 yuan ($560-563) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,850-3,860 yuan per tonne, up 10 yuan per tonneMills in Tangshan, the country's steelmaking hub in the northern region, are required to suspend all blast furnaces on July 26-28 period to improve air quality, according to a local industry information provider.And...

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