China's domestic hot-rolled coil prices were stable on Thursday November 15, but market participants are expecting an imminent drop on worsening demand.
DomesticEastern China (Shanghai): 3,800-3,810 yuan ($546-548) per tonne, unchanged Northern China (Tianjin): 3,840-3,850 yuan per tonne, unchangedPrices held steady during the day, with trading activity in eastern China being described as better than that in the northern region.A few market participants said that the supply-demand balance was "still healthy" for the time being, pointing to a report by a domestic steel consultancy that HRC inventory levels had fallen 104,200...