Overseas buyers are bidding higher for hot-rolled coil from China, with sellers in other parts of the world keeping their offers high.
Domestic
Eastern China (Shanghai): 3,940-3,970 yuan ($564-568) per tonne, widened downward by 10 yuan per tonne
China's domestic HRC prices were largely stable on Thursday July 23, although most traders told Fastmarkets that trading activity was weaker compared with several days ago.
A Shanghai-based trader said most sellers were offering HRC at 3,940-3,950 yuan per tonne in the morning, but prices rose in the afternoon after HRC futures strengthened.
A trader in Anhui province said that while downstream demand had been weakening recently, he was not expecting...