China's domestic hot-rolled coil prices regained some upward momentum on Thursday March 1 following the release of data showing a lower-than-expected rise in inventory levels over the past week.
DomesticEastern China (Shanghai): 4,170-4,190 yuan ($659-662) per tonne, up by 20 yuan per tonneNorthern China (Tianjin): 4,100-4,120 yuan per tonne, up by 10 yuan per tonneThe increase in the HRC market's inventory levels has been mostly offset by a reduction in those for mills, which means supply growth has been limited, according to data released by an...