China's domestic hot-rolled coil prices edged up further on Tuesday May 7 on tight supply, which lent strength to the export market.
DomesticEastern China (Shanghai): 4,070-4,090 yuan ($602-605) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 3,940-3,950 yuan per tonne, up 10 yuan per tonneTrading was described as moderate during the day amid stable demand, several sources told Fastmarkets MB.Prices received a small boost from tight supply, with several mills in Tangshan - China's steelmaking hub in the northern region - overhauling their equipment even as others remained under production curbs to improve air quality.Supply in...