Eastern China (Shanghai): 4,320-4,340 yuan ($631-634) per tonne, unchanged
Northern China (Tianjin): 4,230-4,240 yuan per tonne, unchanged
Winter steelmaking restrictions in north China could possibly be lighter this year compared with last year. Word is circulating in the market via social media purporting that this year’s limits would target emissions rather than production rates, which were seen last year.
China’s Ministry of Ecology &...