China's hot-rolled coil exporters lowered their offers on Tuesday September 3 despite domestic prices edging up further.
DomesticEastern China (Shanghai): 3,650-3,670 yuan ($509-512) per tonne, up 10 yuan per tonneNorthern China (Tangshan): 3,640-3,650 yuan per tonne, up 10 yuan per tonnePrices continued to rise, with trading activity being described as stronger than previous days, according to a Shanghai-based trader.But some market participants are worried that the price rebound would not last very long because they think that recent increases had been driven by sentiment improved by iron ore becoming costlier upstream.A trader in the northern region thinks...