Domestic hot-rolled coil prices weakened on Monday September 21 amid thin trading, which led a mill in eastern China to lower its export offer for the flat steel product, sources told Fastmarkets.
Domestic
Eastern China (Shanghai): 3,840-3,860 yuan ($567-570) yuan per tonne, down 20-30 yuan per tonne
Trading was inactive on Monday amid losses in the futures market, according to sources.
Sellers in the spot market had to lower their offers in an attempt to secure more orders, a Shanghai-based trader said.