China's hot-rolled coil prices dipped on Monday June 15 despite a relative tightness in supply in the eastern region, with a spike in the number of Covid-19 infections in Beijing over the weekend resulting in a weakening of the futures market.
DomesticEx-works prices for HRC in Tangshan were around 3,600 yuan per tonne on Monday, which means the product would have to be offered at around 3,710 yuan per tonne to the eastern region to take transportation costs into consideration....