Eastern China (Shanghai): 3,760-3,790 yuan ($559-563) per tonne, up 40 yuan per tonne
Northern China (Tianjin): 3,690-3,700 yuan per tonne, narrowing upward by 20 yuan per tonne
Sellers in Shanghai started selling at around 3,790 yuan per tonne in the morning following gains in the futures market.
But they had to lower prices to about 3,760-3,770 yuan per tonne in the afternoon amid buyer resistance.
Despite the resistance, market participants believe HRC prices would remain high in the next few days with producers...