China's hot-rolled coil prices decreased at a faster pace on Wednesday March 7 following a weakening of the country's ferrous futures market throughout the day.
DomesticEastern China (Shanghai): 4,050-4,070 yuan ($640-643) per tonne, down by 50 yuan per tonneNorthern China (Tianjin): 3,990-4,010 yuan per tonne, down by 50 yuan per tonneThe paper market tumbled after sentiment deteriorated in anticipation of weak demand and high inventory levels, according to market participants.The decline dragged down spot prices amid sparse trading during the day, they added.Export Metal...