China's hot-rolled coil prices continued to climb on Wednesday November 20 amid sustained demand.
DomesticEastern China (Shanghai): 3,660-3,700 yuan ($521-527) per tonne, up 10-40 yuan per tonneNorthern China (Tangshan): 3,670 yuan per tonne, up 50-60 yuan per tonneIn Shanghai, HRC was sold at 3,660-3,670 yuan per tonne in the morning, but sellers raised these in the afternoon on seeing how strong demand was.Demand was even stronger in the northern region, which led to prices surging.Spot market inventory levels...