Eastern China (Shanghai)
: 3,960-4,020 yuan ($597-606) per tonne, down 60-70 yuan per tonne
Northern China (Tianjin)
: 3,970-4,000 yuan per tonne, down 30 yuan per tonne
Futures prices decreased throughout the day, which dragged down spot prices.
The sharp drop over the last two days led some consumers to return to the market to restock, however, which led to an increase in trading activity ahead of the weekend, market participants said.
HRC prices are down 70-80 yuan per...