China's domestic hot-rolled coil prices were largely stable on Wednesday June 20 with buyers coming to terms with their concerns over the brewing trade war between the world's two biggest economies.
DomesticEastern China (Shanghai): 4,260-4,290 yuan ($658-663) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 4,200-4,230 yuan per tonne, unchangedConcerns over the trade spat between China and the United States eased during the day, with buyers starting to become indifferent toward the threats made by US President Donald Trump on imposing fresh tariffs on Chinese products, traders told Metal Bulletin. One source pointed out that this was because Trump's threats remain just that - threats - and there was no certainty about these tariffs becoming...