CHINA HRC: Domestic prices dip despite continued decline in output

China's domestic hot-rolled coil prices extended their losses on Friday August 13, as market participants weighed demand concerns against shrinking production.

Domestic
Eastern China (Shanghai): 5,750-5,780 yuan ($887-892) per tonne, down by 30-40 yuan per tonne
Northern China (Tangshan): weekly assessment: 5,700-5,750 yuan ($880-887) per tonne, upward widening by 40 yuan per tonne

The China Iron & Steel Association (Cisa) said on Friday morning that daily crude steel output across its member mills averaged 2.04 million tonnes in the first 10 days of August. That was down 2.97% from the level between July 21-31, and 5.09%...

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