China's hot-rolled coil sellers lowered their prices on Friday September 6 following declining trading activity over the course of this week.
DomesticEastern China (Shanghai): 3,650-3,670 yuan ($511-514) per tonne, down 30-40 yuan per tonneNorthern China (Tangshan): 3,600-3,610 yuan per tonne, down 30-40 yuan per tonneMills cut their ex-works prices in the morning, which put pressure on the spot market.A Shanghai-based trader said the move by the mills was made in response to successive days of declining trading activity.A weakening of the futures market also dampened sentiment,...