China's hot-rolled coil prices rebounded on Monday April 29 with trading activity picking up in comparison with last Friday, though there is not much optimism for further growth.
DomesticEastern China (Shanghai): 4,000-4,010 yuan ($594-596) per tonne, up 20 yuan per tonneNorthern China (Tianjin): 3,910-3,920 yuan per tonne, up 20 yuan per tonneTrading activity, though higher than at the end of last week, was described as "moderate" on Monday.A trader in Hangzhou said that demand was not experience much significant growth to be able to push prices much higher in the days to come.Few buyers were replenishing their inventories despite it being two days...