China hot-rolled coil exporters continued to drop their offer prices, forced by overseas buyers who have been refraining from buying on bearish sentiment.
DomesticEastern China (Shanghai): 3,590-3,610 yuan ($517-520) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,470-3,480 yuan per tonne, down 20 yuan per tonneAlthough prices in eastern China picked up a bit on Friday as some downstream producers restocked ahead of the weekend, sources told Fastmarkets MB trading has been sparse with most participants being bearish on price trends.Over the past week ended Thursday November 29, China's HRC output dropped 38,000 tonnes to...