Domestic hot-rolled coil prices in China edged up on Wednesday July 31 while pessimism grew in the export segment following days of sparse trading.
DomesticEastern China (Shanghai): 3,830-3,840 yuan ($557-558) per tonne, up 20 yuan per tonneNorthern China (Tangshan): 3,820 yuan per tonne, up 10 yuan per tonneSpot prices rebounded in line with gains in the futures market in the morning. In the afternoon, several sources said that it was only possible to conclude deals at the lower end of the assessed price range due the futures market losing some of those...