Hot-rolled coil prices in China's domestic market traded in a smaller range on Wednesday June 2, following the volatility in Tuesday's session driven by uncertainty over production curbs in Tangshan.
Domestic
Eastern China (Shanghai): 5,480-5,570 yuan ($858-872) per tonne, narrowing the range by 30-50 yuan per tonne.
Prices edged lower on Wednesday after trading at 5,480-5,600 yuan per tonne on
Tuesday afternoon when futures clawed back losses caused by expectations of production curbs in Tangshan being eased.
But with no new talks emerging about the Tangshan production curb policy...