China's prices for hot-rolled coil decreased again on Monday January 15 after buying interest thinned in the wake of a slump in the billet market over the weekend.
DomesticEastern China (Shanghai): 4,120-4,170 yuan ($638-646) per tonne, down 30 yuan per tonne Northern China (Tianjin): 3,920-4,950 yuan per tonne, down 60-70 yuan per tonneThe price of billet fell 120 yuan per tonne over the weekend, which led to a deterioration of sentiment in the spot steel market.HRC futures also...