China's hot-rolled coil producers raised their export offers on Tuesday November 12 amid a relatively stable domestic market.
DomesticEastern China (Shanghai): 3,510-3,520 yuan ($501-502) per tonne, unchangedNorthern China (Tangshan): 3,530 yuan per tonne, up 20 yuan per tonneWhile prices for mainstream sizes of HRC in eastern China were stable, those for many other specifications rose to as high as 3,580-3,600 yuan per tonne, a trader there said.Trading activity in northern China - as well as in the southern region - remained higher than in the east, which propped up prices.A second Shanghai-based trader said the relative stability of the market in recent days was due to many end users and stockists having kept their inventories low in anticipation of prices falling during the winter. This resulted in them...