China's hot-rolled coil prices were largely stable on Wednesday August 19, but overseas buyers were seeking cheaper numbers from traders with position cargoes.
Domestic
Eastern China (Shanghai): 4,070-4,090 yuan ($588-591) per tonne, widening downward by 10 yuan per tonne
Sellers in eastern China wereoffering HRC at 4,080-4,090 yuan per tonne on Wednesday morning and later cut prices in the afternoon amid futures drops, a Shanghai-based trader told Fastmarkets.
Trading was moderate with supply in eastern China is continuing to...