A stable domestic market for hot-rolled coil in China on Thursday September 3 led exporters to raise their minimum threshold for transaction prices.
Domestic
Eastern China (Shanghai): 4,040-4,050 yuan ($591-593) yuan per tonne, unchanged
Prices were stable in eastern China, with a trader there saying that she had received more bids during the day than on Wednesday.
She believes gains in the futures market in the morning had helped lift sentiment.
A Tianjin-based trader said ex-works prices in northern China even increased by 20 yuan per tonne...