China's hot-rolled coil prices maintained their strength on Monday January 21, particularly those in the export market, amid a drop in supply coupled with an improvement in sentiment.
DomesticEastern China (Shanghai): 3,660-3,680 yuan ($540-543) per tonne, up 10 yuan per tonneNorthern China (Tianjin): 3,630-3,650 yuan per tonne, widening downward by 10 yuan per tonnePrices were largely stable nationwide, with those in Shanghai edging up on moderate trading activity, a Shanghai-based source told Fastmarkets MB.Demand has been better than expected in recent days while supply has started to tighten with mills starting to suspend their operations ahead of the upcoming Chinese New Year holiday. China is...