China's hot-rolled coil prices increased on Wednesday April 18 following a strengthening paper market once the People's Bank of China announced it would release cash into the banking system.
DomesticEastern China (Shanghai): 3,970-4,020 yuan ($632-640) per tonne, up 30-40 yuan per tonneNorthern China (Tianjin): 3,920-3,940 yuan per tonne, up 40 yuan per tonne China's central bank announced late on Tuesday that it would cut the amount of cash that most banks are required to hold in reserve by one percent point - the first reduction...