China's hot-rolled coil prices were stable in the domestic market on Monday October 19, but some short-selling traders signed deals to Vietnam at prices below the market average.
Domestic
Eastern China (Shanghai): 3,890-3,900 yuan ($580-581) per tonne, unchanged
Prices for HRC in the Eastern China region were steady on Monday amid moderate trading, several Shanghai-based traders told Fastmarkets.
Downstream demand overall was stable, which would bolster prices in the short term, according to one Shanghai-based trader.
A second trader believes that China's steadily recovering economy is supporting steel demand, after the country's statistics...