China's hot-rolled coil market regained some stability on Thursday November 22 with buyers continuing to hold back from restocking.
DomesticEastern China (Shanghai): 3,770-3,780 yuan ($543-545) per tonne, narrowing upward 10 yuan per tonneNorthern China (Tianjin): 3,680-3,700 yuan per tonne, down 10 yuan per tonneTrading activity remained sparse during the day. A Zhejiang-based trader told Fastmarkets MB that buyers had been hesitating to place orders on seeing the big price drops in the last two days.Some of them are waiting to see if prices will drop further,...