China's hot-rolled coil futures surged on Thursday March 29 but thin buying interest kept spot prices from rising much further after two days of steady gains.
DomesticEastern China (Shanghai): 3,780-3,800 yuan ($601-604) per tonne, narrowed upward by 20 yuan per tonneNorthern China (Tianjin): 3,740-3,760 yuan per tonne, unchangedData released by a local industry information provider showed a sharp decline in rebar inventory levels and a slight reduction in those for hot-rolled coil, which spurred the increases in the paper market, according to several futures analysts.But spot prices for...