China's hot-rolled coil market participants are alert for possible price drops amid mounting inventories, even as domestic prices rebounded on Monday March 2.
Domestic
Eastern China (Shanghai): 3,480-3,510 yuan ($498-502) per tonne, widening upward by 10 yuan per tonne
Northern China (Tangshan): 3,260-3,280 yuan per tonne, up 20-30 yuan per tonne
Spot prices rebounded on Monday following futures gains.
Shanghai sellers started at 3,480 yuan per tonne in morning trading, but prices soon rose to 3,510 yuan per tonne on stronger trading compared with last week.
Prices...