Sellers of hot-rolled coil in China maintained their high offers on Tuesday January 26 despite thin trading, sources told Fastmarkets.
Domestic
Eastern China (Shanghai): 4,470-4,490 yuan ($690-693) per tonne, up 20-40 yuan per tonne
Several Shanghai-based traders said sellers kept their offers at 4,470-4,490 yuan per tonne during the day despite trading activity being weaker than on Monday.
They said that many market participants had stopped working to return to their home towns to spend Chinese New Year with their families since many provinces require visitors to either be tested for Covid-19 or undergo a 14-day quarantine before being granted entry.
China's weeklong holiday to mark the event...