CHINA HRC: Domestic prices up on strengthening paper market
China’s domestic prices for hot-rolled coil (HRC) increased for a third consecutive day on Wednesday November 29 as the paper market strengthened throughout the session.
Eastern China (Shanghai): 4,180-4,220 yuan ($633-639) per tonne, up 30-40 yuan per tonne
Northern China (Tianjin): 4,160-4,180 yuan per tonne, up 30 yuan per tonne
The continual increase in futures prices spurred buying interest in the spot market, a Tianjin-based trader said, adding that it was the most active trading day in Tianjin...