China's hot-rolled coil prices rebounded on Thursday September 13 following a slight drop in inventory over the past week.
DomesticEastern China (Shanghai): 4,320-4,340 yuan ($629-632) per tonne, up 20 yuan per tonneNorthern China (Tianjin): 4,230-4,240 yuan per tonne, up 20-30 yuan per tonneThe domestic market snapped two days of losses after news spread that HRC inventory levels nationwide had fallen by around 21,700 tonnes over the past week based on data from a domestic steel consultancy.A number of participants were guessing that domestic mills had shifted their focus to the production of long steel from flats...