China's hot-rolled coil prices gained some strength on Monday September 2 amid rising iron ore futures.
DomesticEastern China (Shanghai): 3,640-3,660 yuan ($509-511) per tonne, up 20-30 yuan per tonneNorthern China (Tangshan): 3,630-3,640 yuan per tonne, up 20-30 yuan per tonneA pick-up in trading activity propped up prices in both Shanghai and Tangshan, trading sources said.The increases were largely attributed to rising iron ore futures, which were said to have improved sentiment in the market and led to steel contracts such as that for HRC also registering gains.Some...