Some of China's domestic hot-rolled coil exporters have started to lower their offers unofficially after days of sparse trading with the aim of stimulating sales.
DomesticEastern China (Shanghai): 3,640-3,650 yuan ($533-534) per tonne, down 20 yuan per tonneNorthern China (Tianjin): 3,620-3,630 yuan per tonne, unchangedPrices in Shanghai dipped on Thursday January 10, with a source there telling Fastmarkets MB that end-user demand was weakening.More companies downstream are suspending operations amid colder weather, he said.The drop was also partly due to dampened sentiment after word spread that...