China's domestic hot-rolled coil prices dipped on Friday July 2 on retreating futures, with sentiment being subdued by a lifting of production and logistical curbs in northern China that were imposed in the past week.
Domestic
Eastern China (Shanghai): 5,430-5,480 yuan ($838-846) per tonne, down by 20-30 yuan from 5,460-5,500 yuan per tonne.
Northern China (Tangshan) weekly assessment: 5,320-5,380 yuan ($821-830) per tonne, up by 40-50 yuan from 5,280-5,330 yuan per tonne
The most-traded HRC contract on the Shanghai Futures Exchange was traded in a tight range during the day, failing to recover from overnight losses.
Mills in...