China's hot-rolled coil (HRC) prices dropped on Tuesday December 11 amid sparse trading both domestically and in the export market.
DomesticEastern China (Shanghai): 3,710-3,720 yuan ($537-538) per tonne, down 10-30 yuan per tonneNorthern China (Tianjin): 3,530-3,560 yuan per tonne, down 50 yuan per tonnePrices were lower due to sparse trading today, a Zhejiang-based trader said.The demand for HRC is normally low during the winter months, when most downstream industries slow production due to cold weather, he said.Today's price drop was not unexpected given that last week's surge was largely due to the easing of trade tensions...