China's hot-rolled coil prices slid further on Wednesday June 5 amid persistently thin trading, though some exporters showed little willingness to sell any lower.
DomesticEastern China (Shanghai): 3,870-3,880 yuan ($561-562) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 3,800-3,810 yuan per tonne, narrowing downward 10 yuan per tonnePrices continued to drop, with trading being thinner than a day earlier, a Shanghai-based trader said.Mills kept their offers stable, but pervading bearishness weighed further on transaction prices.The trader said a weakening of the cold-rolled coil market downstream had made transactions in the HRC segment harder to...