China's domestic hot-rolled coil prices stabilized on Thursday February 8 amid weak trading interest on both sides of the market, which has resulted in a slight increase in inventory levels ahead of the Chinese New Year.
DomesticEastern China (Shanghai): 4,110-4,130 yuan ($656-659) per tonne, unchangedNorthern China (Tianjin): 4,000-4,030 yuan per tonne, unchangedDomestic prices held steady amid sparse trading in the major markets ahead of a weeklong holiday in China beginning February 15.Inventory data released by an industry information provider showed that there was...