China's domestic hot-rolled coil prices continued to rise on Thursday September 5 on declining inventory levels, which encouraged mills to raise their export offers.
DomesticEastern China (Shanghai): 3,690-3,700 yuan ($516-517) per tonne, up 10-20 yuan per tonneNorthern China (Tangshan): 3,640 yuan per tonne, narrowing upward 10 yuan per tonneA domestic steel consultancy said that spot markets around the country had 2.42 million tonnes of HRC on Thursday, down 22,000 tonnes from the week prior.Spot prices edged up further amid the drop, though trading activity in the past couple of days was thinner compared with on...