China's domestic hot-rolled coil prices continued to weaken on Friday September 27 but exporters of the product maintained their offers, though weakening demand is expected to put pressure on them to make concessions.
DomesticEastern China (Shanghai): 3,600-3,610 yuan ($505-506) per tonne, narrowing downward by 20 yuan per tonneNorthern China (Tangshan): 3,520 yuan per tonne, down 30 yuan per tonneSpot prices fell further amid declining futures, with sentiment continuing to deteriorate due to thin trading over the past few days.This has been attributed to government-mandated production restrictions meant to improve air quality ahead of a military parade next week to mark China's 70th National Day, which are imposed on not just...