China's hot-rolled coil prices fell on Tuesday November 20 amid tumbles across financial markets.
DomesticEastern China (Shanghai): 3,790-3,820 yuan ($546-550) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 3,770-3,780 yuan per tonne, down 40 yuan per tonneHRC prices nationwide fell, though the decreases were relatively smaller in comparison with other steel products such as rebar, a trader in Shanghai noted.This was largely due to prices for the flat steel product being already very low, yielding profits of...