China's hot-rolled coil prices surged on Friday October 9, as a result of buyers returning to the market to restock on the first day back after the eight-day Golden Week holiday.
Domestic
Eastern China (Shanghai): 3,880-3,900 yuan ($571-574) per tonne, up 70 yuan per tonne from Wednesday September 30
Northern China (Tangshan) - weekly assessment: 3,780-3,830 yuan per tonne, up 60-100 yuan per tonne
Traders in China garnered more orders on Friday compared with the days leading up to the week-long national holiday, they told Fastmarkets, with downstream buyers rushing to restock after the trading suspension.
Sentiment was also boosted by news that the Chinese government had ordered cities in northern China to limit industrial production to help curb air pollution, which covers...