China's hot-rolled coil prices strengthened further on Tuesday February 26 despite moderate trading activity, with gains in the futures market in the afternoon providing a boost to the spot market.
DomesticEastern China (Shanghai): 3,800-3,830 yuan ($567-572) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 3,740-3,770 yuan per tonne, widening upward by 20 yuan per tonneSellers in Shanghai started selling at around 3,800-3,810 yuan per tonne in the morning. Trading activity was moderate but prices rose to 3,820-3,830 yuan per tonne in the afternoon, with some companies rushing into the market for materials amid gains in the futures market.Some traders returned to the spot...