China's hot-rolled coil futures posted some gains on Monday February 12 after the country's steel production hub of Tangshan announced more production caps late last Friday.
DomesticEastern China (Shanghai): 4,110-4,130 yuan ($653-656) per tonne, unchangedNorthern China (Tianjin): 4,000-4,030 yuan per tonne, unchangedFerrous futures surged at the start of the day's session in the wake of news that Tangshan would carry out a plan to stagger production and transportation for heavy industries...