China's hot-rolled coil prices maintained their upward momentum on Wednesday March 28 on early gains in the paper market.
DomesticEastern China (Shanghai): 3,760-3,800 yuan ($599-605) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 3,740-3,760 yuan per tonne, up 20-30 yuan per tonneSpot prices increased after HRC futures surged at the start of the day. But when the paper market started to retreat in the late morning, trading activity thinned. The uncertainties led to both sellers and...