CHINA HRC: Covid-19 spike dampens sentiment, prices


Source: metalbulletin.com metalbulletin.com

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Home CHINA HRC: Covid-19 spike dampens sentiment, prices China’s hot-rolled coil prices fell further on Monday May 17 amid thin trading resulting from concerns over how a fresh wave of Covid-19 infections sweeping across the world would affect the manufacturing sector. Domestic Eastern China (Shanghai): 6,000-6,050 yuan ($932-940) per tonne, down 160-400 yuan per tonne Several countries, including India, Japan and Brazil, have reported sharp increases in the number of confirmed Covid-19 cases in the past few days. In China, the Chinese government has issued health warnings after new community cases emerged in two cities - Liaoning province’s Yingkou and...