China's hot-rolled coil prices dropped on Tuesday February 12, dragged down by low demand.
DomesticEastern China (Shanghai): 3,840-3,850 yuan ($566-568) per tonne, down 30-40 yuan per tonneNorthern China (Tianjin): 3,780-3,800 yuan per tonne, down 10-20 yuan per tonnePrices retreated after the surge on the day before, with downstream demand still weak as many companies have yet to resume production following the Chinese Lunar New Year holiday, a Hangzhou-based trader said.Demand in eastern China is expected to pick up...