China's hot-rolled coil prices remained high on Monday July 30 although trading was sparse, sources said.
Domestic Eastern China (Shanghai): 4,290-4,300 yuan ($630-631) per tonne, narrowing upward 20 yuan per tonne Northern China (Tianjin): 4,220-4,230 yuan per tonne, up 10-30 yuan per tonne Domestic prices have been high following Friday's surges. The price rebound followed continuous production cuts in northern China, even though demand is not strong. Most sellers offered 4,300 yuan per tonne in Shanghai, while some of them...