CHINA HRC: Domestic prices lose momentum in weak trading
China’s domestic prices for hot-rolled coil ended flat on Friday December 1 in lackluster trading.
Eastern China (Shanghai): 4,250-4,270 yuan ($643-646) per tonne, unchanged
Northern China (Tianjin): 4,220-4,240 yuan per tonne, unchanged
Buyers largely suspended procurement today amid wild fluctuations in the paper market, although the most traded May contract closed having recovered...