CHINA HRC: Domestic price gains raise expectations for imports

China's domestic hot-rolled coil prices picked up on Wednesday May 6, the first working day after a five-day break for Labor Day, which sparked expectations for growing imports.

Domestic
Eastern China (Shanghai): 3,320-3,340 yuan ($470-473) per tonne, up 40-50 yuan per tonne
Northern China (Tangshan): 3,310 yuan per tonne, up 60-70 yuan per tonne
Major spot markets saw active trading during the day, which motivated sellers to raise their prices.

A Shanghai-based trader said the increased buying was partly due to some downstream consumers stocking up after...

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