China's hot-rolled coil prices slid on Friday November 8 after trading activity thinned further.
DomesticEastern China (Shanghai): 3,520-3,540 yuan ($500-503) per tonne, down 10-20 yuan per tonneNorthern China (Tangshan): 3,520 yuan per tonne, down 20 yuan per tonneA Shanghai-based trader said trading activity continued to thin during the day amid declining futures, which led to spot prices falling.Rising output is also a major factor affecting sentiment in the physical and futures markets, the trader said, referring to statistics that showed HRC production rising by 74,500...