China's hot-rolled coil market experienced active trading on Wednesday November 4 amid price gains.
Domestic
Eastern China (Shanghai): 3,980-4,020 yuan ($595-601) per tonne, widening upward by 30 yuan per tonne
A source at a mill in eastern China said that demand had been rebounding recently amid continual price gains, with downstream buyers rushing to restock on fears of more increases.
He said that spot prices were being pushed up by rising futures, with investors injecting funds into the ferrous market on news that rebar inventory...