China's hot-rolled coil producers continued to shift their focus to the country's domestic market, with prices there being largely stable on Thursday October 24 amid declining inventory levels.
DomesticEastern China (Shanghai): 3,500-3,520 yuan ($495-498) per tonne, unchangedNorthern China (Tangshan): 3,490-3,500 yuan per tonne, widening downward by 10 yuan per tonnePrices stayed largely stable on steady demand.A Shanghai-based trader said trading activity in the city was moderate or perhaps just slightly thinner than on Wednesday, but buyers were still willing to pay prices similar to those a day earlier.Trading activity in the north remained strong, especially at a slightly lower price of 3,490 yuan per tonne, a source...