CHINA HRC: Prices firm amid strengthening end-user demand

China's domestic hot-rolled coil market stopped falling on Tuesday March 10 on strengthening downstream demand, with prices in the eastern region holding steady while those in the north edging up.

Domestic
Eastern China (Shanghai): 3,490-3,500 yuan ($503-504) per tonne, unchanged
Northern China (Tangshan): 3,290-3,310 yuan per tonne, up 10 yuan per tonne
Downstream demand is picking up with more manufacturers resuming production, market sources said.

For instance, the operating rates at 16 major car assembly plants have risen...

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