China's hot-rolled coil prices rebounded on Thursday December 20 amid lower inventory, with those in the north posting larger increases on fears of a supply drop.
DomesticEastern China (Shanghai): 3,810-3,820 yuan ($552-554) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 3,680-3,700 yuan per tonne, up 60-70 yuan per tonneHRC inventory levels in the country fell by around 76,600 tonnes over the week to Thursday, according to a domestic steel consultancy.Buyers had been stocking up in the last couple of weeks amid low inventory levels, which helped support prices in the spot market.Prices in Shanghai have been largely above 3,800 yuan per tonne since last Friday, according to...