China's hot-rolled coil market resumed on Monday January 4 after a three-day New Year holiday with high prices and active trading.
Domestic
Eastern China (Shanghai): 4,540-4,580 yuan ($695-701) per tonne, up 10 yuan per tonne
Sellers won deals at 4,540-4,560 yuan per tonne in morning trading, with some asking up to 4,580 yuan per tonne in the afternoon due to active trading, a Shanghai-based trader told Fastmarkets.
The active trading was because of buyers' need to restock after the work suspension during the holiday season, while strong financial markets helped to lift sentiment,...