China's hot-rolled coil producers kept prices stable on Monday June 3 despite a bearish outlook in the market amid subdued demand, which weighed on the domestic sector.
DomesticEastern China (Shanghai): 3,900-3,920 yuan ($565-568) per tonne, down 30 yuan per tonneNorthern China (Tianjin): 3,830-3,850 yuan per tonne, down 10 yuan per tonneTrading was thin during the day, with demand reported to be relatively weak throughout the country, a Hangzhou-based trader said.He said this affected not just HRC, but also rebar. Demand for the long steel product - whose prices had been higher than...