China's hot-rolled coil prices retreated on Wednesday April 10 with trading activity in the domestic market said to be at moderate levels.
DomesticEastern China (Shanghai): 3,970-3,980 yuan ($591-593) per tonne, down 20 yuan per tonneNorthern China (Tianjin): 3,930-3,940 yuan per tonne, down 10 yuan per tonneA Shanghai-based trader said buyers were only placing orders on an as-needed basis, rather than actively restocking, amid recent days' high prices.As such, trading activity slid to moderate levels, with some market participants attributing recent...