China's hot-rolled coil prices recovered some losses on Tuesday March 27 following a rebound in the futures market.
DomesticEastern China (Shanghai): 3,730-3,780 yuan ($593-601) per tonne, up 30 yuan per tonneNorthern China (Tianjin): 3,710-3,740 yuan per tonne, up 40 yuan per tonneThe paper market charted a recovery during the day after successive days of decreases, which provided support to the spot market in both the eastern and northern regions. The price of billet also increased slightly after plunging over the weekend, which added to the bullish sentiment,...