China's domestic hot-rolled coil prices were largely stable on Wednesday April 22 amid increased trading activity, while exporters continued to wait for opportunities to sell their products abroad after other countries issued offers similar to theirs.
Domestic
Eastern China (Shanghai): 3,290-3,320 yuan ($465-469) per tonne, widening downward by 10 yuan per tonne
Northern China (Tangshan): 3,240 yuan per tonne, unchanged
Trading picked up across the country after sentiment improved amid rising futures.
A Shanghai-based trader said sales at his company had risen close to levels seen a year earlier. He expects the improved demand to lower China's HRC inventories.
The...