China's hot-rolled coil prices regained some stability on Thursday December 24 although the market was inactive.
Domestic
Eastern China (Shanghai): 4,800-4,820 yuan ($734-737) per tonne, up 10-20 yuan per tonne
A Shanghai-based trader said that while some sellers had asked for prices as high as 4,840 yuan per tonne in the morning, no transactions were concluded until their offers fell to 4,800-4,820 yuan per tonne.
Trading was thin nevertheless, he said.
Prices stopped falling as a result of sentiment starting to become less volatile, he said.
Some...