Domestic hot-rolled coil prices in China narrowed upward on Tuesday October 19, with market sentiment boosted by new production curbs in the country's eastern region.
Domestic
Eastern China (Shanghai): 5,780-5,800 yuan ($898-902) per tonne, narrowing upward by 80 yuan per tonne
Due to power rationing, Shagang - a major steelmaker in East China's Jiangsu province - will suspend its rolling lines from Tuesday night until further notice, according to local media reports.
News of the new productions curbs sent the most-traded HRC contract on the Shanghai Futures Exchange to an...