China's hot-rolled coil prices were largely stagnant on Wednesday April 4 amid fluctuations in the futures market ahead of a four-day break in the country.
DomesticEastern China (Shanghai): 3,850-3,900 yuan ($612-620) per tonne, widened upward by 20 yuan per tonneNorthern China (Tianjin): 3,840-3,870 yuan per tonne, unchangedHRC prices in Shanghai rose in the morning following strong gains in the futures market, but they went on to retreat in the afternoon after the paper market turned around as well, according to market sources.Trading activity did not experience any significant increase with market participants taking a cautious approach with their procurement strategies,...