China's domestic hot-rolled coil prices ran largely flat on Thursday May 3 as weaker futures offset lower inventory data.
DomesticEastern China (Shanghai): 4,180-4,200 yuan ($657-660) per tonne, narrowed up 20 yuan per tonneNorthern China (Tianjin): 4,080-4,100 yuan per tonne, unchanged Softer futures but lower inventories kept prices virtually unaltered from those on Wednesday, market sources said. At the same time, trading activity was thin compared with yesterday following the weakness seen in the paper market, according to participants.Market HRC inventory fell by 84,300 tonnes to 2.29...