China's hot-rolled coil prices rose further on Tuesday March 3 after mills raised their offers, but fewer buyers placed orders in response.
Domestic
Eastern China (Shanghai): 3,520-3,540 yuan ($503-506) per tonne, up 30-40 yuan per tonne
Northern China (Tangshan): 3,280-3,300 yuan per tonne, up 20 yuan per tonne
Traders in both eastern China and northern China reported that trading activity had thinned significantly since Monday after sellers asked for higher prices.
While sentiment had improved a day earlier amid rising futures, which led mills...