[Ferro-Alloys.com] Ongoing steelmaking restrictions continued to support prices for hot-rolled coil in China on Tuesday September 24.

 

Domestic Eastern China (Shanghai): 3,660-3,670 yuan ($515-516) per tonne, narrowing upward by 10 yuan per tonne Northern China (Tangshan): 3,600 yuan per tonne, unchanged Spot prices remained largely at Monday’s levels amid optimism due to the emergence of more details surrounding steelmaking restrictions ahead of China’s 70th National Day on October 1. Local authorities in Fengrun, a district in China’s steelmaking hub of Tangshan in the north, have ordered local steel mills to either suspend their operation or limit their blast furnace operating rates to 50% to curb air pollution.  (Metalbulletin)