North China's hot-rolled coil prices picked up on Thursday March 15 amid an extension of production limits in some parts of the region while those in the east narrowed upward on improved sentiment following a drop in supply.
DomesticEastern China (Shanghai): 3,950-3,980 yuan ($625-630) per tonne, narrowed upward by 20 yuan per tonneNorthern China (Tianjin): 3,900-3,940 yuan per tonne, up 40 yuan per tonneSteelmakers in Hebei province's Wu'an city have been instructed to stop all blast furnace operations until March 31 despite the winter heating season having come to an end.The stricter production limits in the city spurred some optimism and led to price increases in the north, according to market...