China's hot-rolled coil prices were largely stable on Wednesday January 16 with sentiment being supported by some restocking being done materials to be delivered after the Chinese New Year.
DomesticEastern China (Shanghai): 3,620-3,630 yuan ($535-537) per tonne, narrowing downward by 10 yuan per tonneNorthern China (Tianjin): 3,600-3,620 yuan per tonne, unchangedPrices held steady with some end users placing orders with traders for HRC to be delivered in mid-February or late-February, a Shanghai-based trader said.These buyers are aiming to lock in prices at certain levels to be agreed with traders because they tend to rise after...