China's domestic prices for hot-rolled coil bounced back on Wednesday July 4 after trading activity increased, though export prices softened amid a weakening yuan.
DomesticEastern China (Shanghai): 4,220-4,250 yuan ($633-638) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 4,120-4,140 yuan per tonne, narrowing upward by 10 yuan per tonneDomestic prices posted some recovery with buyers started to make a return after prices tumbled on Tuesday. Traders in both eastern and northern China told Metal Bulletin that trading was better than a day earlier.A mill in eastern China raised its offer to around 4,250 yuan per tonne in the afternoon from 4,240 yuan per tonne in the morning after trading...