China's hot-rolled coil prices continued to fall on Wednesday November 21, breaking away from last week's stability, amid pessimism over the country's economic and industrial growth.
DomesticEastern China (Shanghai): 3,760-3,780 yuan ($541-544) per tonne, down 30-40 yuan per tonneNorthern China (Tianjin): 3,690-3,710 yuan per tonne, down 70-80 yuan per tonneWhile HRC prices hovered above 3,800 yuan per tonne last week, they have been falling further and further away from that level this week amid expectations of demand remaining weak and supply not declining.Hebei-based Cangzhou Zhongtie Equipment Manufacturing Equipment Co is said to be scheduling the start-up...