China's hot-rolled coil prices rose further on Thursday November 5, inventory levels continuing to fall in the past week.
Domestic
Eastern China (Shanghai): 4,010-4,030 yuan ($600-603) per tonne, up 10-30 yuan per tonne
Sellers in eastern China kept raising their offers upon hearing of a drop in HRC inventories in the spot market.
A domestic steel consultancy reported that China's HRC spot market had 2.70 million tonnes of HRC on Thursday, down by 71,800 tonnes from a week earlier.
A Shanghai-based trader attributed the decline to robust downstream demand,...