A few Chinese hot-rolled coil exporters lowered their prices on Tuesday April 2 to stimulate trading activity despite gains in the domestic market.
DomesticEastern China (Shanghai): 3,860-3,870 yuan ($575-577) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 3,790-3,810 yuan per tonne, up 20 yuan per tonneMills raised their prices during the day in response to the gains in the futures market a day earlier. But trading activity dropped amid Tuesday's price gains.A Hangzhou-based trader said that Monday's higher trading activity was likely to do...