China's hot-rolled coil prices weakened on Tuesday October 8 after the market resumed trading following the country's Golden Week amid expectations of rising supply.
DomesticEastern China (Shanghai): 3,610-3,620 yuan ($505-506) per tonne, down 10 yuan per tonneNorthern China (Tangshan): 3,560 yuan per tonne, down 20 yuan per tonneSellers lowered their prices in response to a declining futures market amid concerns that supply would grow with the lifting of steelmaking restrictions meant to ensure clear skies during...