China's hot-rolled coil prices gained more strength on Wednesday November 13 on improved domestic demand, which encouraged exporters to keep offers high.
DomesticEastern China (Shanghai): 3,550-3,560 yuan ($507-508) per tonne, up 40 yuan per tonneNorthern China (Tangshan): 3,530-3,540 yuan per tonne, widening upward by 10 yuan per tonneDemand in eastern China picked up during the day, which some segments of the market attributed to a pile-up of cargoes bound for the region at ports in northern China. These consisted of not just HRC but also other steel products such as rebar, with producers in...