China's hot-rolled coil prices rose steadily on Friday March 30 after futures soared during the day.
DomesticEastern China (Shanghai): 3,820-3,840 yuan ($607-610) per tonne, up 40 yuan per tonneNorthern China (Tianjin): 3,790-3,810 yuan per tonne, up 50 yuan per tonneSpot prices jumped in both eastern and northern regions after the paper market strengthened throughout the day, according to market participants.Some sellers withdrew their offers in the afternoon after seeing the sharp gains in the paper market, sources added.With a continued recovery...