China's hot-rolled coil prices were largely stable on Monday September 10 despite gains in the futures market, with demand remaining weak.
DomesticEastern China (Shanghai): 4,400-4,420 yuan ($643-646) per tonne, unchangedNorthern China (Tianjin): 4,300-4,310 yuan per tonne, up 10 yuan per tonneHRC prices were largely unchanged amid "extremely thin" trading during the day, a Shanghai-based trader said.Sellers kept their prices high in the wake of price gains for rebar that had in turn resulted from surges in the billet and slab market in Tangshan, China's steelmaking hub in the northern region. But buyers refused to pay such high prices, the trader said.Concerns over a tightening of controls on steel...