Eastern China's hot-rolled coil prices recovered some losses on Thursday August 8, building on a pick-up in trading activity on Wednesday afternoon.
DomesticEastern China (Shanghai): 3,710-3,730 yuan ($526-529) per tonne, up 20-30 yuan per tonneNorthern China (Tangshan): 3,740 yuan per tonne, unchangedA Shanghai-based trader said sellers in the city raised prices to 3,730 yuan per tonne in the morning following the trading activity spike in the second half of the previous day. But by Thursday afternoon, the sellers had to lower prices to around 3,710 yuan per tonne...