China's export prices for hot-rolled coil edged up on Friday May 17, with trading activity in this segment said to have picked up this week.
DomesticEastern China (Shanghai): 4,000-4,020 yuan ($581-584) per tonne, widening upward by 10 yuan per tonneNorthern China (Tianjin): 3,900-3,910 yuan per tonne, up 10 yuan per tonneMills raised their offers again amid gains in the futures market, but trading activity was merely moderate, according to sources, with buyers not willing to pay too much for materials.In the longer term, market participants expect prices to drop, with more and more production lines coming online this year. They are not expecting these lines to run...