China's hot-rolled coil prices strengthened further on Tuesday April 30 after word about possible steelmaking restrictions in the steelmaking hub of Tangshan circulated in the market.
DomesticEastern China (Shanghai): 4,050-4,060 yuan ($601-603) per tonne, up 50 yuan per tonneNorthern China (Tianjin): 3,930-3,940 yuan per tonne, up 20 yuan per tonneA domestic steel consultancy reported that Tangshan's local government was planning to impose production curbs throughout May to cut air pollution. These would cut the operation of sintering and pelletizing equipment, lime kilns, blast furnaces...