China's hot-rolled coil market was largely stable on Wednesday January 9 amid robust downstream demand, with some companies starting to restock ahead of the Chinese New Year in early February.
DomesticEastern China (Shanghai): 3,660-3,670 yuan ($534-535) per tonne, narrowing downward by 10 yuan per tonneNorthern China (Tianjin): 3,620-3,630 yuan per tonne, narrowing downward by 20 yuan per tonnePrices narrowed in the country's two major markets, with downstream buyers commencing their pre-holiday restocking, a Hangzhou-based trader said.Apart from ensuring that they have sufficient raw materials at hand, downstream buyers also typically step up on their steel...