China's domestic prices for hot-rolled coil fell at a faster pace on Friday January 12 amid a weakening of the futures market.
DomesticEastern China (Shanghai): 4,150-4,200 yuan ($638-645) per tonne, down 60-70 yuan per tonne Northern China (Tianjin): 3,990-4,010 yuan per tonne, down 40 yuan per tonneFutures prices fell rapidly during Thursday night's trading session and weakened further on Friday, which weighed on the spot market. Trading activity thinned as bearish sentiment...