China's hot-rolled coil prices dropped on Monday October 29 amid weak demand, with trading activity being described as "very sparse."
DomesticEastern China (Shanghai): 4,150-4,170 yuan ($597-600) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 4,080-4,090 yuan per tonne, narrowing downward by 10 yuan per tonneTrading today was very thin during the day, with traders in both the northern and eastern regions lamenting about how weak demand had been of late.A Tangshan-based trader said there were plenty of contributing factors for such a scenario, among...