China's hot-rolled coil exporters were insisting on higher offer prices on Thursday March 7 despite the slight drop in the domestic spot market, with most sellers feeling little need to export.
DomesticEastern China (Shanghai): 3,820-3,840 yuan ($569-572) per tonne, down 20 yuan per tonneNorthern China (Tianjin): 3,750-3,770 yuan per tonne, down 20 yuan per tonneShanghai sellers began the trading day offering at around 3,820 yuan per tonne, but in the afternoon lifted their prices to 3,840 yuan per tonne following a rally in the futures market in the wake of data showing a drop in domestic inventories.Buyers were willing to take the...