Sentiment among participants in the Chinese hot-rolled coil market was mixed on Friday May 24 after prices dropped in the east of the country.
DomesticEastern China (Shanghai): 4,010-4,020 yuan ($580-581) per tonne, down 20-30 yuan per tonneNorthern China (Tianjin): 3,910-3,920 yuan per tonne, unchangedTrading in Shanghai was thinner than yesterday, even though many downstream companies normally restock on a Friday ahead of the weekend, a Shanghai-based trader said.The lack of buyer interest led to lower prices, he added.However, demand for HRC remains stable, insisted a second trader in Shanghai."I had no difficulty selling my goods...