Exporters of Chinese hot-rolled coil lowered their prices slightly on Tuesday March 26 on sparse trading, while those in China's domestic market were remained largely steady amid slowing downstream demand.
DomesticEastern China (Shanghai): 3,850-3,870 yuan ($573-576) per tonne, unchangedNorthern China (Tianjin): 3,800-3,810 yuan per tonne, narrowing downward 10 yuan per tonneWhile prices have been largely stable nationwide, trading activity has been persistently sparse on low demand, several sources said.A Hangzhou-based trader said downstream industries, especially the automotive sector, was experiencing a slowdown,...