China's hot-rolled coil exporters stuck with their high prices on Tuesday February 19 amid optimism for the domestic market on an expected recovery in demand.
DomesticEastern China (Shanghai): 3,750-3,780 yuan ($554-558) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 3,710-3,720 yuan per tonne, up 10 yuan per tonnePrices continued to rebound during the day with demand in Shanghai strengthening this week.Traded volumes in the city are close to normal levels, a trader there said.Trading activity in Tianjin is still lower than that in Shanghai, with demand not expected to pick up significantly until next week. There is typically...