China's hot-rolled coil prices were largely steady on Wednesday May 15 amid sparse trading in the domestic market, though trading activity in the export segment appeared to pick up after exporters cut their offers.
DomesticEastern China (Shanghai): 3,990-4,000 yuan ($580-582) per tonne, unchangedNorthern China (Tianjin): 3,870-3,880 yuan per tonne, narrowing from both endsTrading was persistently thin in the major markets for the flat steel product, but prices largely stabilized.A Shanghai-based trader said the stability might be due to the rebounding futures market during the day, which led sellers...