China's hot-rolled coil market was largely inactive on Tuesday February 4, with what few offers from mills generating little interest because they were considered as too high.
Domestic
Eastern China (Shanghai): 3,600 yuan ($513) per tonne, down 30-50 yuan per tonne
Northern China (Tangshan): 3,300 yuan per tonne, unchanged
A Shanghai-based trader said sellers in the city lowered their offers by 30-50 yuan per tonne to 3,600 yuan per tonne on Tuesday.
A few buyers indicated some interest by making inquiries, though these did not lead to actual orders, he said.
A trader in northern China said a mill was offering re-rolling-grade HRC at 3,300 yuan per tonne, unchanged from a...