Trading activity in China's hot-rolled coil market slowed on Thursday October 29 but prices still narrowed upward.
Domestic
Eastern China (Shanghai): 3,920-3,930 yuan ($583-585) per tonne, narrowing upward by 10 yuan per tonne
A Shanghai-based trader said trading activity had slowed on Thursday but sellers refused to accept lower offers.
News of a decline in spot Chinese HRC inventories failed to boost market sentiment significantly.
A steel consultancy reported on Thursday that spot HRC...