China's prices for hot-rolled coil fell on Thursday January 11 amid weak procurement sentiment among downstream buyers.
DomesticEastern China (Shanghai): 4,220-4,260 yuan ($648-654) per tonne, down 20 yuan per tonne Northern China (Tianjin): 4,030-4,050 yuan per tonne, down 10-20 yuan per tonneSpot prices dipped following a softening of HRC futures during the day, according to market participants.Market inventory levels have increased over the past week amid the subdued downstream demand, according to the...