China's hot-rolled coil prices fell further ahead of the weekend after the paper market tumbled.
DomesticEastern China (Shanghai): 3,930-3,960 yuan ($620-625) per tonne, down by 70 yuan per tonneNorthern China (Tianjin): 3,890-3,910 yuan per tonne, down by 50 yuan per tonneChina's ferrous futures plunged with the outlook for the market becoming more bearish after United States President Donald Trump signed into law a day earlier a new 25% tariff proposed in the wake of a Section 232 probe into whether steel imports posed a national security risk.This weighed heavily on spot prices during the day.Adding to...