China's domestic hot-rolled coil prices experienced some recovery on Friday October 16, but some mills have made some export pricing concessions to boost trading.
Domestic
Eastern China (Shanghai): 3,890-3,900 yuan ($578-579) yuan per tonne, narrowing upward by 10 yuan per tonne
Northern China (Tangshan) - weekly assessment: 3,750-3,770 yuan per tonne, down 30-60 yuan per tonne
Prices in Shanghai regained some strength after downstream buyers stepped up on their purchases in the afternoon in response to gains in the futures market.
A Shanghai-based trader said downstream demand in eastern China was stable.
While some downstream consumers had hesitated about restocking earlier this week amid falling futures, he expects HRC...