China's hot-rolled coil exporters capitalized on higher prices on Friday June 28 amid stability in the domestic market.
DomesticEastern China (Shanghai): 3,920-3,940 yuan ($570-573) per tonne, narrowing from 3,900-3,950 yuan per tonneNorthern China (Tianjin): 3,850-3,860 yuan per tonne, up 10 yuan per tonneTrading activity picked up a bit in Shanghai after prices fell a bit from the high end compared with a day earlier, a trader in the city said.Securities companies have retreated from the spot market after Thursday's price drops, while downstream buyers increased their buying rates, he said.These downstream buyers...