Exporters of Chinese hot-rolled coil pushed ahead with higher prices on Wednesday July 3 on expectations of a turnaround of the domestic market, notwithstanding the day's losses.
DomesticEastern China (Shanghai): 3,890-3,900 yuan ($566-568) per tonne, down 30 yuan per tonneNorthern China (Tianjin): 3,850-3,860 yuan per tonne, down 30 yuan per tonneSpot prices fell further after mills lowered their offers in the morning.A Shanghai-based trader said trading activity was moderate during the day, with downstream buyers keeping their procurement rates steady. If demand continues to hold steady, prices could stop declining soon, he said.A mill source in eastern China also does not expect prices...