China's hot-rolled coil market was largely steady on Wednesday April 3, though exporters have started to adopt different strategies amid domestic prices gains and weak demand from abroad.
DomesticEastern China (Shanghai): 3,880-3,890 yuan ($577-579) per tonne, up 20 yuan per tonneNorthern China (Tianjin): 3,790-3,810 yuan per tonne, unchangedPrices in Shanghai rose during the day, even though trading activity was thinner in comparison with Tuesday.A Hangzhou-based trader said mills were keeping their offers high due to futures prices rising in response to expectations of a supply drop for iron ore due to various disruptions in Australia and Brazil, the world's largest...