China's hot-rolled coil prices dropped on Tuesday September 17, tracking a weakening futures market amid slower buying.
DomesticEastern China (Shanghai): 3,690-3,700 yuan ($522-523) per tonne, down 20 yuan per tonneNorthern China (Tangshan): 3,600-3,620 yuan per tonne, down 10-20 yuan per tonneHRC futures fell during the day, along with trading activity, which weighed on spot prices, a source in Shanghai said.A Tianjin-based trader meanwhile said the futures prices had fallen because trading activity in the spot...