China's domestic hot-rolled coil prices retreated on Tuesday August 20, which led some producers to lower their export offers to secure more orders by the end of the month.
DomesticEastern China (Shanghai): 3,720-3,730 yuan ($528-529) per tonne, down 10 yuan per tonneNorthern China (Tangshan): 3,720-3,730 yuan per tonne, widening downward by 10 yuan per tonneSpot prices retreated after trading activity thinned in comparison with a day earlier, with fewer buyers in the eastern region being willing to pay high prices on seeing the decline in the futures market.Buyers in the north were also reluctant to pay too high an ex-works price...