China's hot-rolled coil exporters maintained their high offers on Friday August 30 even though overseas buyers put in lower bids amid a stable domestic market in the country.
DomesticEastern China (Shanghai): 3,620-3,630 yuan ($506-507) per tonne, up 10 yuan per tonneNorthern China (Tangshan): 3,600-3,620 yuan per tonne, unchangedSpot prices were largely stable during the day amid rising futures, though a Shanghai-based trader said trading activity in the city was relatively thinner compared with on Tuesday and Wednesday when prices were lower.He believes downstream buyers are reluctant to stock up on too much materials despite having steady demand for them, on seeing the relatively high inventory levels in the...