China's hot-rolled coil prices fell on Tuesday October 23 amid sparse trading, dragged down by weak demand, sources told Fastmarkets MB.
DomesticEastern China (Shanghai): 4,190-4,210 yuan ($604-607) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 4,090-4,100 yuan per tonne, down 10 yuan per tonneTrading activity fell in comparison with that on Monday, sources said.The drop reflects the poor demand in the HRC market, which had been weighed down by a slowdown in both the automotive and household appliances industries. Both sectors have not been growing as rapidly as...