China's domestic prices for hot-rolled coil softened on Wednesday April 17, which led to sentiment worsening among exporters of the flat steel product.
DomesticEastern China (Shanghai): 3,990-4,000 yuan ($595-596) per tonne, narrowing downward by 10 yuan per tonneNorthern China (Tianjin): 3,930-3,940 yuan per tonne, down 20-30 yuan per tonnePrices dipped nationwide, with sources describing trading activity as "relatively thin," though they insisted that demand remained steady.This scenario leaves market participants divided. Some are expecting prices to remain high or even rise further over the next...