China's domestic hot-rolled coil prices rose further on Friday May 15 on robust trading, while rising futures continued to encourage traders to actively seek out imports.
Domestic
Eastern China (Shanghai): 3,430-3,450 yuan ($483-486) per tonne, up 10-20 yuan per tonne
Northern China (Tangshan): 3,420 yuan per tonne, up 30 yuan per tonne
Sellers in Shanghai offered HRC at 3,430 yuan per tonne in the morning before raising this up to 3,450 yuan per tonne in the afternoon in response to the day's robust trading activity, a trader there said.
He said the infrastructure and construction sector remained the main driver of HRC demand, though he added...