CHINA HRC: Sentiment improves on auto sector gains

China's domestic hot-rolled coil prices stopped dropping on Thursday September 10 on optimism generated by positive data for the country's automotive sector.

Domestic
Eastern China (Shanghai): 3,920-3,950 yuan ($573-577) yuan per tonne, unchanged
The China Association of Automobile Manufacturers (CAAM) reported during the day that the country produced 2.12 million vehicles in August. This is a 6.3% year-on-year increase.

This improved sentiment in the market, resulting in market participants having a bullish outlook for demand for...

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