China's domestic hot-rolled coil prices rebounded on Friday August 3 as futures moved higher, while export prices edged lower in thin trading.
DomesticEastern China (Shanghai): 4,300-4,310 yuan ($629-631) per tonne, up 20 yuan per tonneNorthern China (Tianjin)): 4,230-4,250 yuan per tonne, up 10-20 yuan per tonneSpot prices rebounded following gains in the futures market, with trading activity also picking up, a Tangshan-based source said."Trading volume was especially high at the lower end of the bracket - which meant the dominant price today was 4,300 yuan per tonne," he said.Investors...