China's hot-rolled coil prices rebounded on Thursday July 25 in line with rising futures bolstered by expectations of stricter production curbs toward the end of the month.
DomesticEastern China (Shanghai): 3,840-3,860 yuan ($558-561) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,840-3,850 yuan per tonne, up 10 yuan per tonnePrices rebounded amid an increase in trading activity in the spot market amid futures gains.A Shanghai-based trader said that several securities companies were expecting mills in Tangshan, the country's steelmaking hub in the northern region, to observe stringently production curbs ordered by the local government last weekend.A domestic steel consultancy has already reported a 44,100-tonne...