China's hot-rolled coil exporters raised their prices on Wednesday October 21 amid domestic gains and a strengthening dollar.
Domestic
Eastern China (Shanghai): 3,890-3,910 yuan ($582-585) per tonne, up 10 yuan per tonne
Several Shanghai-based traders said they managed to secure more orders during the day than on Tuesday amid rising prices, with rising futures improving sentiment.
One of them said that spot market HRC inventory levels had fallen in eastern China - the company he works for has received news that warehouses in Shanghai had 404,300 tonnes of HRC on Wednesday, down by 30,000 tonnes from a week earlier.
This added to the...