China's hot-rolled coil prices picked up even more upward momentum on Tuesday November 19 amid robust buying activity.
DomesticEastern China (Shanghai): 3,650-3,660 yuan ($520-521) per tonne, up 30-40 yuan per tonneNorthern China (Tangshan): 3,610-3,620 yuan per tonne, up 40-50 yuan per tonnePrices rose by bigger margins during the day on strong trading activity in both eastern and northern China.A mill in the latter region even was even force to suspend trading in the afternoon after selling out the products it had allocated for the day.Most sources attributed the...