China's domestic prices for hot-rolled coil turned around on Thursday February 1 after declining over the past couple of days amid a strengthening paper market.
DomesticEastern China (Shanghai): 4,090-4,120 yuan ($649-654) per tonne, up 20 yuan per tonne Northern China (Tianjin): 3,970-4,000 yuan per tonne, up 30-40 yuan per tonneHRC futures nearly rose to the 4,000-yuan-per-tonne mark in the morning before they trending downward after that, which spurred some buying interest...