CHINA STEEL WRAP: Hot rolled coil prices advance

Dec 19, 2011 | 12:36 AM |

Spot prices of hot rolled coil (HRC) rose throughout China on Monday, supported by falling stocks and a price hike by Wuhan Steel. HRC with 5-12mm thickness in Shanghai was at 4,220-4,230 yuan ($659-660) per tonne on Monday, up from 4,200-4,230 last Friday. Meanwhile, hot-rolled prices in Beijing and Guangzhou spot markets also rose 10-20 yuan. "Traders are trying to push up prices but trading volume remains low. Stocks keeps....

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