CHINA HRC: Prices narrow upward on inventory falls

China's hot-rolled coil prices narrowed upward on Wednesday April 21 amid inventory decreases, sources told Fastmarkets.

Domestic
Eastern China (Shanghai): 5,500-5,520 yuan ($847-850) per tonne, narrowing upward by 30 yuan per tonne
Market sentiment was lifted on Wednesday on futures gains, especially after talk circulated that HRC inventory in Shanghai had decreased over the past week, several Shanghai-based traders said.

One Shanghai-based trader said his company's survey showed that major warehouses in Shanghai had a total of 413,800 tonnes of HRC by Wednesday, down 32,000 tonnes from 445,800...

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