China's hot-rolled coil exporters lowered their prices on Thursday April 25 despite domestic prices remaining largely unchanged, partly due to limited trading activity.
DomesticEastern China (Shanghai): 3,990-4,000 yuan ($594-595) per tonne, unchangedNorthern China (Tianjin): 3,900-3,920 yuan per tonne, unchangedAlthough prices were stable nationwide, trading was limited, with market participants expecting prices to fall in the next few days.A Hangzhou-based trader said this was because HRC inventories at some mills have been rising following continuous "not strong" trading."Output has been continuously growing,...